Exxon Mobil (NYSE:XOM) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Exxon Mobil has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, reflecting a significant change in analysts' sentiment on the stock.
• The consensus rating for Exxon Mobil is currently "Hold," with an average price target of $125.00, while several analysts have given it various ratings including one Strong Buy and multiple Holds.
• During its latest earnings announcement, Exxon Mobil reported an EPS of $1.64, exceeding estimates, but noted a 12.4% year-over-year revenue decline to $81.51 billion.

Exxon Mobil (NYSE:XOM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

A number of other equities research analysts have also recently commented on the stock. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Price Performance

XOM stock opened at $109.23 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $465.66 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.10 and a beta of 0.57. The company's fifty day simple moving average is $110.45 and its 200 day simple moving average is $109.13. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the company posted $2.14 earnings per share. On average, analysts expect that Exxon Mobil will post 7.43 earnings per share for the current year.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XOM. Ethic Inc. raised its position in Exxon Mobil by 103.6% in the fourth quarter. Ethic Inc. now owns 50,731 shares of the oil and gas company's stock worth $5,457,000 after acquiring an additional 25,815 shares during the period. Full Sail Capital LLC raised its position in Exxon Mobil by 17.2% in the fourth quarter. Full Sail Capital LLC now owns 6,195 shares of the oil and gas company's stock worth $666,000 after acquiring an additional 909 shares during the period. Focus Partners Wealth raised its position in Exxon Mobil by 48.2% in the fourth quarter. Focus Partners Wealth now owns 1,987,843 shares of the oil and gas company's stock worth $223,414,000 after acquiring an additional 646,338 shares during the period. Ground Swell Capital LLC bought a new stake in Exxon Mobil in the fourth quarter worth about $347,000. Finally, Global Assets Advisory LLC raised its position in Exxon Mobil by 0.5% in the fourth quarter. Global Assets Advisory LLC now owns 100,228 shares of the oil and gas company's stock worth $10,755,000 after acquiring an additional 499 shares during the period. 61.80% of the stock is owned by institutional investors.

About Exxon Mobil

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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