Exxon Mobil Corporation (NYSE:XOM) Given Average Recommendation of "Hold" by Analysts

Key Points

• Exxon Mobil Corporation has received a consensus rating of "Hold" from 21 analysts, with 1 sell, 8 buy, and 1 strong buy ratings.
• The company reported earnings of $1.64 per share for the latest quarter, exceeding expectations, but revenue fell 12.4% year-over-year.
• Exxon Mobil announced a quarterly dividend of $0.99, representing a 3.6% dividend yield with a payout ratio of 56.25%.

Shares of Exxon Mobil Corporation (NYSE:XOM - Get Free Report) have earned a consensus rating of "Hold" from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $125.00.

Several equities analysts have commented on XOM shares. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday. They issued a "hold" rating and a $111.00 price objective on the stock. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday. They set a "hold" rating and a $111.00 price objective on the stock. TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of the stock. Axis Wealth Partners LLC raised its stake in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after acquiring an additional 90 shares during the period. Park Edge Advisors LLC boosted its stake in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after purchasing an additional 91 shares during the period. Willow Creek Wealth Management Inc. boosted its stake in shares of Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after purchasing an additional 91 shares during the period. Chapin Davis Inc. boosted its stake in shares of Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after purchasing an additional 93 shares during the period. Finally, Cascade Investment Group Inc. raised its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company's stock worth $476,000 after purchasing an additional 93 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 1.0%

Exxon Mobil stock opened at $108.5440 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company's 50 day simple moving average is $110.27 and its 200 day simple moving average is $108.87. The firm has a market capitalization of $462.75 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's payout ratio is currently 56.25%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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