Exxon Mobil (XOM) Downgraded by Barclays to Underweight

Barclays cut shares of Exxon Mobil (NYSE:XOM) from an overweight rating to an underweight rating in a report released on Tuesday, MarketBeat Ratings reports. Barclays currently has $84.00 price objective on the oil and gas company’s stock, down from their prior price objective of $91.00.

Several other equities research analysts have also issued reports on XOM. Morgan Stanley set a $85.00 price target on shares of Exxon Mobil and gave the company a sell rating in a research note on Tuesday, October 17th. BMO Capital Markets set a $80.00 price target on shares of Exxon Mobil and gave the company a hold rating in a research note on Wednesday, October 18th. Jefferies Group set a $84.00 price target on shares of Exxon Mobil and gave the company a hold rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Exxon Mobil from a hold rating to a buy rating and set a $93.00 price target on the stock in a research note on Thursday, October 26th. Finally, Wells Fargo & Co set a $84.00 price target on shares of Exxon Mobil and gave the company a neutral rating in a research note on Monday, October 30th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of Hold and an average target price of $87.42.

Shares of Exxon Mobil (XOM) opened at $75.78 on Tuesday. Exxon Mobil has a twelve month low of $73.90 and a twelve month high of $89.30. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market cap of $321,090.00, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.04 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The company had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. analysts predict that Exxon Mobil will post 4.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.

In related news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 in the last ninety days. 0.08% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of XOM. Asset Management Advisors LLC raised its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after buying an additional 7 shares in the last quarter. C M Bidwell & Associates Ltd. raised its position in shares of Exxon Mobil by 1.3% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after buying an additional 30 shares in the last quarter. Lehman Financial Resources Inc. raised its position in shares of Exxon Mobil by 0.5% in the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 35 shares in the last quarter. Intellectus Partners LLC raised its position in shares of Exxon Mobil by 0.7% in the 2nd quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 41 shares in the last quarter. Finally, Bellwether Investment Group LLC raised its position in shares of Exxon Mobil by 1.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after buying an additional 44 shares in the last quarter. 51.28% of the stock is owned by hedge funds and other institutional investors.

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About Exxon Mobil

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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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