ExxonMobil Corporation (NYSE:XOM) Receives Average Rating of "Hold" from Brokerages

Key Points

• ExxonMobil has an average “Hold” rating from 22 brokerages, with 12 analysts recommending hold and 10 recommending buy. The average 12-month price target is $166.10 versus the stock’s reported price of $156.88.
• ExxonMobil reported quarterly EPS of $3.52, slightly below the $3.56 consensus estimate, while revenue of $114.53 billion exceeded expectations. Analysts forecast full-year EPS of $11.86.
• The company declared a quarterly dividend of $1.03, equivalent to $4.12 annually and a 2.6% yield; institutional investors own approximately 61.8% of the stock.

Shares of ExxonMobil Corporation (NYSE:XOM - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-two research firms that are presently covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $166.10.

A number of research analysts have recently issued reports on the stock. Piper Sandler initiated coverage on shares of ExxonMobil in a research note on Thursday, July 23rd. They set a "neutral" rating and a $158.00 price target on the stock. Sanford C. Bernstein reduced their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a research report on Monday, May 11th. Barclays lowered their price objective on ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a report on Monday, August 17th. Weiss Ratings upgraded ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Finally, HSBC set a $158.00 target price on ExxonMobil in a research note on Monday, August 3rd.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $156.88 on Monday. The stock has a fifty day moving average price of $150.53 and a 200 day moving average price of $151.88. ExxonMobil has a 1-year low of $108.35 and a 1-year high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $650.26 billion, a PE ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the firm posted $1.64 earnings per share. Sell-side analysts forecast that ExxonMobil will post 11.86 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a $1.03 dividend. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil's dividend payout ratio is presently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Several institutional investors have recently made changes to their positions in the stock. Avant Capital LLC lifted its stake in shares of ExxonMobil by 0.6% in the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock valued at $1,529,000 after acquiring an additional 65 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in ExxonMobil by 0.6% during the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock valued at $2,039,000 after acquiring an additional 67 shares during the period. Cardinal Strategic Wealth Guidance grew its position in ExxonMobil by 1.9% during the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company's stock worth $631,000 after acquiring an additional 68 shares during the last quarter. Core Wealth Advisors Inc. grew its position in ExxonMobil by 1.0% during the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock worth $1,155,000 after acquiring an additional 68 shares during the last quarter. Finally, ICW Investment Advisors LLC increased its stake in ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company's stock worth $3,043,000 after purchasing an additional 69 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I'm Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil's Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

ExxonMobil Company Profile

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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