ExxonMobil (XOM) Receives Consensus Rating of “Hold” from Analysts

Shares of ExxonMobil (NYSE:XOM) have received an average recommendation of “Hold” from the thirty analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $86.07.

XOM has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on ExxonMobil in a research report on Monday, December 11th. They issued a “neutral” rating and a $83.00 target price on the stock. JPMorgan Chase set a $81.00 target price on ExxonMobil and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Vetr upgraded ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price on the stock in a research report on Wednesday, December 13th. Zacks Investment Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, Goldman Sachs set a $89.00 target price on ExxonMobil and gave the company a “neutral” rating in a research report on Thursday, December 14th.

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Several hedge funds have recently made changes to their positions in the company. Green Square Capital LLC raised its stake in shares of ExxonMobil by 34.3% during the 4th quarter. Green Square Capital LLC now owns 102,539 shares of the oil and gas company’s stock worth $8,576,000 after buying an additional 26,160 shares during the period. Certified Advisory Corp acquired a new position in shares of ExxonMobil during the 4th quarter worth approximately $691,000. Ackerman Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the fourth quarter worth approximately $2,217,000. Wagner Wealth Management LLC purchased a new stake in shares of ExxonMobil during the fourth quarter worth approximately $806,000. Finally, D.B. Root & Company LLC purchased a new stake in shares of ExxonMobil during the fourth quarter worth approximately $1,886,000. 53.12% of the stock is owned by institutional investors and hedge funds.

Shares of XOM stock traded down $1.15 during trading hours on Friday, reaching $74.87. 14,299,567 shares of the company’s stock were exchanged, compared to its average volume of 15,721,125. ExxonMobil has a 1 year low of $72.15 and a 1 year high of $89.30. The firm has a market capitalization of $322,131.84, a price-to-earnings ratio of 20.86, a PEG ratio of 1.14 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.52 and a current ratio of 0.82.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. ExxonMobil’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. equities analysts forecast that ExxonMobil will post 4.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Friday, February 9th. ExxonMobil’s payout ratio is presently 85.79%.

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About ExxonMobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Analyst Recommendations for ExxonMobil (NYSE:XOM)

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