Exxon Mobil Given “Neutral” Rating at Credit Suisse (XOM)
Exxon Mobil (NYSE:XOM)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Thursday. They currently have a $95.00 price target on the stock, up from their previous price target of $90.00. Credit Suisse’s price target would indicate a potential downside of 4.13% from the company’s current price.
Exxon Mobil (NYSE:XOM) remained flat at $99.09 during during mid-day trading trading on Thursday. 6,547,195 shares of the company’s stock traded hands. Exxon Mobil has a 52-week low of $84.79 and a 52-week high of $104.76. The stock has a 50-day moving average of $101.6 and a 200-day moving average of $98.83. The company has a market cap of $422.6 billion and a price-to-earnings ratio of 12.63.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.05 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.55 earnings per share. Exxon Mobil’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Exxon Mobil will post $7.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Monday, August 11th.
XOM has been the subject of a number of other recent research reports. Analysts at Argus reiterated a “buy” rating on shares of Exxon Mobil in a research note on Thursday. They now have a $99.09 price target on the stock, down previously from $114.00. Separately, analysts at Simmons downgraded shares of Exxon Mobil from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Finally, 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. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $101.55.
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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