Exxon Mobil Given Average Recommendation of “Hold” by Brokerages (NYSE:XOM)
Exxon Mobil (NYSE:XOM) has earned an average recommendation of “Hold” from the nineteen brokerages that are covering the stock, Analyst RN reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $103.33.
A number of research firms have recently commented on XOM. Analysts at Barclays downgraded shares of Exxon Mobil from an “equal weight” rating to an “underweight” rating in a research note on Friday, July 25th. They now have a $105.00 price target on the stock, up previously from $100.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, July 17th. They now have a $111.00 price target on the stock, up previously from $105.00. Finally, analysts at Deutsche Bank initiated coverage on shares of Exxon Mobil in a research note on Tuesday, June 10th. They set a “hold” rating and a $105.00 price target on the stock.
Shares of Exxon Mobil (NYSE:XOM) opened at 99.74 on Wednesday. Exxon Mobil has a 1-year low of $84.79 and a 1-year high of $104.76. The stock’s 50-day moving average is $102.0 and its 200-day moving average is $98.78. The company has a market cap of $425.4 billion and a P/E ratio of 12.53.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $111.65 billion for the quarter, compared to the consensus estimate of $108.38 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Exxon Mobil will post $7.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, August 11th.
Exxon Mobil Corporation 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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