Shares of Exxon Mobil Corporation (NYSE:XOM) have received a consensus recommendation of “Hold” from the thirty-two brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $85.78.
A number of brokerages have weighed in on XOM. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research note on Friday, October 6th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Monday, September 18th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil Corporation in a research note on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price objective on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Monday, August 21st.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Hendershot Investments Inc. grew its holdings in Exxon Mobil Corporation by 14.8% in the third quarter. Hendershot Investments Inc. now owns 8,379 shares of the oil and gas company’s stock valued at $687,000 after purchasing an additional 1,079 shares during the last quarter. Lincoln National Corp grew its holdings in Exxon Mobil Corporation by 8.7% in the third quarter. Lincoln National Corp now owns 65,760 shares of the oil and gas company’s stock valued at $5,391,000 after purchasing an additional 5,257 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in Exxon Mobil Corporation by 2.7% in the third quarter. Kornitzer Capital Management Inc. KS now owns 651,968 shares of the oil and gas company’s stock valued at $53,448,000 after purchasing an additional 17,395 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in Exxon Mobil Corporation by 6.5% in the third quarter. ST Germain D J Co. Inc. now owns 225,552 shares of the oil and gas company’s stock valued at $18,491,000 after purchasing an additional 13,753 shares during the last quarter. Finally, First Capital Advisors Group LLC. grew its holdings in Exxon Mobil Corporation by 23.6% in the third quarter. First Capital Advisors Group LLC. now owns 6,548 shares of the oil and gas company’s stock valued at $537,000 after purchasing an additional 1,251 shares during the last quarter. 50.82% of the stock is currently owned by institutional investors.
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Exxon Mobil Corporation (NYSE:XOM) opened at 83.35 on Wednesday. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.21. The firm has a market cap of $353.16 billion, a P/E ratio of 30.05 and a beta of 0.82. The company has a 50-day moving average of $81.85 and a 200 day moving average of $80.81.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.30% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post $3.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.70%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 100.33%.
About Exxon Mobil Corporation
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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