Weekly Analysts’ Ratings Changes for Exxon Mobil (XOM)

A number of firms have modified their ratings and price targets on shares of Exxon Mobil (NYSE: XOM) recently:

  • 2/6/2018 – Exxon Mobil was downgraded by analysts at Barclays PLC from an “overweight” rating to an “underweight” rating. They now have a $84.00 price target on the stock, down previously from $91.00.
  • 2/5/2018 – Exxon Mobil was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $87.50 price target on the stock.
  • 2/5/2018 – Exxon Mobil had its “neutral” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $87.00 price target on the stock.
  • 2/5/2018 – Exxon Mobil had its price target lowered by analysts at Credit Suisse Group AG from $84.00 to $80.00. They now have a “neutral” rating on the stock.
  • 2/5/2018 – Exxon Mobil had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $83.00 price target on the stock.
  • 2/1/2018 – Exxon Mobil had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $96.00 price target on the stock.
  • 1/24/2018 – Exxon Mobil was given a new $90.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.
  • 1/23/2018 – Exxon Mobil was given a new $84.00 price target on by analysts at Credit Suisse Group AG. They now have a “neutral” rating on the stock.
  • 1/22/2018 – Exxon Mobil was given a new $92.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 1/21/2018 – Exxon Mobil was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ExxonMobil has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint.  With a stable cash position, the company’s balance sheet is one of the best in the industry, reflecting declining debt load over the first nine months of 2017. We appreciate ExxonMobil’s plans to combine its refining & marketing businesses as this will allow the company to take better decisions and boost performance. ExxonMobil will generate more cashflow from downstream activities, also helping it counter the volatility in its upstream business. However, dependence on costly offshore drilling might dent ExxonMobil’s cashflow. Also, ExxonMobil has lagged the broader industry over the past year, gaining a meagre 0.8% as against the 14.3% growth of the industry.”
  • 1/19/2018 – Exxon Mobil was given a new $90.00 price target on by analysts at Jefferies Group LLC. They now have a “neutral” rating on the stock.
  • 1/18/2018 – Exxon Mobil was given a new $80.00 price target on by analysts at HSBC Holdings plc. They now have a “sell” rating on the stock.
  • 1/16/2018 – Exxon Mobil was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $87.50 price target on the stock.
  • 1/13/2018 – Exxon Mobil was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. According to Zacks, “ExxonMobil has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint. With a stable cash position, the company’s balance sheet is one of the best in the industry, reflecting declining debt load over the first nine months of 2017. We appreciate ExxonMobil’s plans to combine its refining & marketing businesses as this will allow the company to take better decisions and boost performance. ExxonMobil will generate more cashflow from downstream activities, also helping it counter the volatility in its upstream business. ExxonMobil’s decision to invest in the pre-salt Carcara oil field, comprising as much as 2 billion barrels of high-quality recoverable oil reserves, will boost the company’s production. Moreover, the sixth oil discovery off the coast of Guyana further enhances the prospects of the integrated energy player.”
  • 1/11/2018 – Exxon Mobil was given a new $88.00 price target on by analysts at Wells Fargo & Co. They now have a “neutral” rating on the stock.
  • 1/10/2018 – Exxon Mobil had its price target raised by analysts at BMO Capital Markets to $85.00. They now have a “market perform” rating on the stock.
  • 1/8/2018 – Exxon Mobil was given a new $83.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “neutral” rating on the stock.
  • 1/2/2018 – Exxon Mobil was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $86.54 price target on the stock.
  • 12/22/2017 – Exxon Mobil was upgraded by analysts at Howard Weil from an “outperform” rating to a “focus list” rating.
  • 12/20/2017 – Exxon Mobil was given a new $85.00 price target on by analysts at Jefferies Group LLC. They now have a “neutral” rating on the stock.
  • 12/14/2017 – Exxon Mobil was given a new $89.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 12/14/2017 – Exxon Mobil was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “ExxonMobil has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint.  With a stable cash position, the company’s balance sheet is one of the best in the industry, reflecting declining debt load over the first nine months of 2017. We appreciate ExxonMobil’s plans to combine its refining & marketing businesses as this will allow the company to take better decisions and boost performance. ExxonMobil will generate more cashflow from downstream activities, also helping it counter the volatility in its upstream business. However, dependence on costly offshore drilling might dent ExxonMobil’s cashflow. Also, ExxonMobil has lost 7.9% of its value year to date versus the 1.9% growth of smaller rival Chevron.”

Shares of Exxon Mobil Co. (NYSE:XOM) opened at $75.78 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market cap of $321,087.88, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.02 and a beta of 0.83. Exxon Mobil Co. has a 1 year low of $73.90 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. sell-side analysts predict that Exxon Mobil Co. will post 4.85 EPS for the current fiscal 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 given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s dividend payout ratio is 66.52%.

In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 over the last three months. Insiders own 0.08% of the company’s stock.

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.

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