Exxon Mobil Co. (NYSE:XOM) Receives Average Rating of “Hold” from Brokerages

Exxon Mobil Co. (NYSE:XOMGet Rating) has received a consensus rating of “Hold” from the twenty-seven research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $77.35.

Several brokerages have recently issued reports on XOM. Truist Financial lifted their price target on Exxon Mobil from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, January 14th. Royal Bank of Canada set a $90.00 price target on Exxon Mobil in a research note on Tuesday, February 1st. BMO Capital Markets lifted their price target on Exxon Mobil from $73.00 to $86.00 and gave the company a “hold” rating in a research note on Thursday, March 3rd. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, January 13th. Finally, JPMorgan Chase & Co. set a $100.00 price objective on Exxon Mobil in a research report on Tuesday, March 29th.

In other Exxon Mobil news, Director Jeffrey W. Ubben sold 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $80.05, for a total transaction of $120,075,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen A. Littleton sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $81.29, for a total value of $812,900.00. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $30,000. Horan Securities Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. West Bancorporation Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $42,000. Finally, Nvwm LLC grew its holdings in shares of Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 300 shares in the last quarter. 51.91% of the stock is owned by institutional investors.

Exxon Mobil stock opened at $86.81 on Thursday. Exxon Mobil has a one year low of $52.10 and a one year high of $91.50. The stock’s fifty day moving average price is $81.37 and its two-hundred day moving average price is $70.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.04 and a quick ratio of 0.71. The firm has a market cap of $367.52 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.52 and a beta of 1.17.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Tuesday, February 1st. The oil and gas company reported $2.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.09. Exxon Mobil had a return on equity of 13.67% and a net margin of 8.07%. The company had revenue of $84.97 billion for the quarter, compared to analyst estimates of $84.58 billion. During the same quarter last year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 82.6% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil will post 8.66 earnings per share for the current fiscal year.

Exxon Mobil announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 1st that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the oil and gas company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Thursday, February 10th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, February 9th. Exxon Mobil’s payout ratio is 65.31%.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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