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.
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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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.
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