Exxon Mobil Co. (XOM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Exxon Mobil Co. (NYSE:XOM) have been given a consensus recommendation of “Hold” by the thirty-one research firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $87.07.

XOM has been the topic of a number of research analyst reports. Howard Weil raised Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Saturday, January 13th. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 target price on the stock in a report on Thursday, December 7th. Goldman Sachs Group set a $92.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, UBS Group set a $83.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, December 4th.

Exxon Mobil (NYSE:XOM) opened at $76.07 on Friday. The stock has a market capitalization of $322,320.00, a PE ratio of 16.43, a P/E/G ratio of 1.06 and a beta of 0.82. Exxon Mobil has a fifty-two week low of $76.03 and a fifty-two week high of $89.30. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The firm had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. Exxon Mobil’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. analysts anticipate that Exxon Mobil will post 4.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 4.05%. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.52%.

In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the transaction, the insider now owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,357 shares of company stock worth $4,273,910. Company insiders own 0.08% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Asset Management Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after buying an additional 7 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its holdings in shares of Exxon Mobil by 1.3% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after buying an additional 30 shares during the last quarter. Lehman Financial Resources Inc. lifted its holdings in shares of Exxon Mobil by 0.5% during the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 35 shares during the last quarter. Intellectus Partners LLC lifted its holdings in shares of Exxon Mobil by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 41 shares during the last quarter. Finally, Bellwether Investment Group LLC lifted its holdings in shares of Exxon Mobil by 1.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after buying an additional 44 shares during the last quarter. 51.28% of the stock is currently owned by institutional investors.

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Exxon Mobil Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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