Exxon Mobil Corporation (NYSE:XOM)’s share price reached a new 52-week low during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $79.18 and last traded at $79.08, with a volume of 14,882,737 shares changing hands. The stock had previously closed at $80.83.
The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is 128.33%.
Several research firms have commented on XOM. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday. Jefferies Group LLC set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Thursday. Vetr raised shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.47 target price for the company in a research report on Monday, July 24th. Citigroup Inc. decreased their target price on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $88.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $85.46.
Large investors have recently made changes to their positions in the company. Iberiabank Corp raised its stake in shares of Exxon Mobil Corporation by 5.2% in the fourth quarter. Iberiabank Corp now owns 74,245 shares of the oil and gas company’s stock worth $6,701,000 after buying an additional 3,670 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Exxon Mobil Corporation by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 11,713 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 38 shares in the last quarter. Gyroscope Capital Management Group LLC raised its stake in shares of Exxon Mobil Corporation by 49.1% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 26,823 shares of the oil and gas company’s stock worth $2,421,000 after buying an additional 8,829 shares in the last quarter. Good Life Advisors LLC bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $1,229,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Exxon Mobil Corporation by 824.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,221,961 shares of the oil and gas company’s stock worth $651,912,000 after buying an additional 6,440,709 shares in the last quarter. Institutional investors and hedge funds own 50.58% of the company’s stock.
The company has a 50 day moving average price of $81.20 and a 200 day moving average price of $82.16. The company has a market cap of $337.29 billion, a PE ratio of 33.21 and a beta of 0.82.
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Exxon Mobil Corporation Company Profile
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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