Bank of America Corp upgraded shares of Exxon Mobil Co. (NYSE:XOM) from a neutral rating to a buy rating in a research note issued to investors on Thursday, May 11th. They currently have $100.00 price objective on the oil and gas company’s stock, up from their prior price objective of $95.00.
Other analysts have also issued research reports about the company. BMO Capital Markets reiterated a hold rating and set a $76.00 target price on shares of Exxon Mobil in a report on Friday, April 28th. Credit Suisse Group AG set a $78.00 target price on Exxon Mobil and gave the stock a sell rating in a research note on Wednesday, February 1st. Vetr upgraded Exxon Mobil from a hold rating to a buy rating and set a $85.72 price target for the company in a report on Monday, April 3rd. Evercore ISI restated an underweight rating on shares of Exxon Mobil in a report on Monday, February 27th. Finally, HSBC Holdings plc dropped their price target on Exxon Mobil from $90.00 to $85.00 and set a hold rating on the stock in a research report on Wednesday, March 8th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Exxon Mobil has a consensus rating of Hold and a consensus target price of $89.01.
Exxon Mobil (NYSE XOM) opened at 79.50 on Thursday. Exxon Mobil has a one year low of $79.26 and a one year high of $95.55. The firm has a market capitalization of $336.86 billion, a PE ratio of 33.17 and a beta of 0.91. The stock has a 50 day moving average of $81.71 and a 200-day moving average of $84.21. Exxon Mobil also was the recipient of some unusual options trading on Thursday. Traders purchased 30,334 put options on the company. This is an increase of 143% compared to the average daily volume of 12,468 put options.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.10. The company had revenue of $63.29 billion during the quarter, compared to analysts’ expectations of $64.88 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. Exxon Mobil’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, equities analysts predict that Exxon Mobil will post $3.95 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 12th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.87%. Exxon Mobil’s dividend payout ratio (DPR) is 159.58%.
Large investors have recently bought and sold shares of the company. AGF Investments America Inc. increased its stake in Exxon Mobil by 0.4% in the third quarter. AGF Investments America Inc. now owns 28,860 shares of the oil and gas company’s stock worth $2,519,000 after buying an additional 102 shares during the period. First Hawaiian Bank increased its stake in Exxon Mobil by 24.3% in the third quarter. First Hawaiian Bank now owns 13,320 shares of the oil and gas company’s stock worth $1,161,000 after buying an additional 2,600 shares during the period. RKL Wealth Management LLC increased its stake in Exxon Mobil by 10.3% in the third quarter. RKL Wealth Management LLC now owns 32,216 shares of the oil and gas company’s stock worth $2,812,000 after buying an additional 2,999 shares during the period. Mutual of Omaha Bank Wealth Management increased its stake in Exxon Mobil by 2.4% in the third quarter. Mutual of Omaha Bank Wealth Management now owns 66,497 shares of the oil and gas company’s stock worth $5,804,000 after buying an additional 1,550 shares during the period. Finally, Trust Co. of Vermont increased its stake in Exxon Mobil by 0.6% in the third quarter. Trust Co. of Vermont now owns 207,767 shares of the oil and gas company’s stock worth $18,134,000 after buying an additional 1,274 shares during the period. 51.09% of the stock is owned by institutional investors.
Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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