Exxon Mobil Corp. Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:XOM)
Shares of Exxon Mobil Corp. (NYSE:XOM) have earned an average recommendation of “Hold” from the twenty-three brokerages that are presently covering the stock, Analyst Ratings Network.com reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $98.50.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.97% on Monday, hitting $89.705. 3,384,146 shares of the company’s stock traded hands. Exxon Mobil Corp. has a one year low of $84.79 and a one year high of $101.74. The stock has a 50-day moving average of $97. and a 200-day moving average of $92.08. The company has a market cap of $388.9 billion and a P/E ratio of 12.29.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings data on Thursday, January 30th. The company reported $1.91 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.91. Analysts expect that Exxon Mobil Corp. will post $7.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, February 6th.
Several analysts have recently commented on the stock. Analysts at Argus reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research note to investors on Friday. They now have a $104.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research note to investors on Tuesday, February 4th. Finally, analysts at Barclays cut their price target on shares of Exxon Mobil Corp. from $102.00 to $95.00 in a research note to investors on Friday, January 31st. They now have an “equal weight” rating on the stock.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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