Barclays set a $82.00 target price on Exxon Mobil (NYSE:XOM) in a research note released on Monday, February 4th. The brokerage currently has a sell rating on the oil and gas company’s stock.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Exxon Mobil from a hold rating to a strong sell rating in a report on Sunday, January 6th. Wolfe Research upgraded shares of Exxon Mobil from a market perform rating to an outperform rating in a report on Monday, November 26th. Berenberg Bank reiterated a neutral rating and issued a $76.00 price objective on shares of Exxon Mobil in a report on Wednesday, January 9th. Credit Suisse Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a neutral rating in a report on Tuesday, December 25th. Finally, Raymond James reiterated a sell rating on shares of Exxon Mobil in a report on Monday, November 26th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $84.57.
Shares of XOM stock traded up $0.97 during trading on Monday, reaching $80.00. The company’s stock had a trading volume of 15,418,714 shares, compared to its average volume of 12,643,802. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The firm has a market cap of $332.30 billion, a PE ratio of 15.75, a P/E/G ratio of 1.75 and a beta of 0.90. Exxon Mobil has a one year low of $64.65 and a one year high of $87.36.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.43. The business had revenue of $71.90 billion for the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, equities analysts predict that Exxon Mobil will post 4.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Monday, February 11th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, February 8th. This represents a $3.28 annualized dividend and a yield of 4.10%. Exxon Mobil’s dividend payout ratio is 66.53%.
In related news, insider John R. Verity sold 15,850 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $76.94, for a total transaction of $1,219,499.00. Following the completion of the sale, the insider now owns 146,350 shares of the company’s stock, valued at $11,260,169. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Neil A. Hansen sold 2,798 shares of the stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $76.81, for a total transaction of $214,914.38. Following the completion of the transaction, the vice president now directly owns 32,800 shares of the company’s stock, valued at approximately $2,519,368. The disclosure for this sale can be found here. Insiders have sold 41,210 shares of company stock valued at $3,141,350 in the last ninety days. 0.08% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Zevin Asset Management LLC increased its position in Exxon Mobil by 1.6% during the 4th quarter. Zevin Asset Management LLC now owns 8,743 shares of the oil and gas company’s stock valued at $596,000 after purchasing an additional 141 shares during the period. Jackson Financial Management increased its position in Exxon Mobil by 2.1% during the 4th quarter. Jackson Financial Management now owns 6,776 shares of the oil and gas company’s stock valued at $462,000 after purchasing an additional 142 shares during the period. Kiwi Wealth Investments Limited Partnership increased its position in Exxon Mobil by 1.5% during the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 9,737 shares of the oil and gas company’s stock valued at $664,000 after purchasing an additional 146 shares during the period. Cordasco Financial Network increased its position in Exxon Mobil by 4.1% during the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock valued at $257,000 after purchasing an additional 148 shares during the period. Finally, Sippican Capital Advisors increased its position in Exxon Mobil by 1.0% during the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock valued at $1,044,000 after purchasing an additional 150 shares during the period. 53.20% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Company Profile
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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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