Shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) have been given an average recommendation of “Hold” by the twenty-seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $81.62.
A number of analysts recently issued reports on XOM shares. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $93.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, March 11th. MKM Partners increased their target price on shares of Exxon Mobil from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 7th. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Bank of America increased their target price on shares of Exxon Mobil from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. Finally, JPMorgan Chase & Co. set a $100.00 target price on shares of Exxon Mobil in a research report on Tuesday, March 29th.
Hedge funds and other institutional investors have recently modified their holdings of the business. GoalVest Advisory LLC acquired a new stake in Exxon Mobil in the first quarter worth $38,000. Guardian Wealth Management Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth $30,000. Horan Securities Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth $31,000. West Bancorporation Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth $32,000. Finally, First Quadrant LLC CA increased its position in Exxon Mobil by 236.8% in the first quarter. First Quadrant LLC CA now owns 522 shares of the oil and gas company’s stock worth $43,000 after buying an additional 367 shares during the period. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. During the same period in the prior year, the company earned $0.65 EPS. The company’s revenue was up 53.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil will post 10.15 EPS for the current year.
Exxon Mobil declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 1st that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.
Exxon Mobil Company Profile (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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