Exxon Mobil Corporation (XOM) Receiving Somewhat Positive News Coverage, Study Shows

News headlines about Exxon Mobil Corporation (NYSE:XOM) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Exxon Mobil Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.1201200870933 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media stories that may have impacted Accern’s analysis:

• Exxon Mobil Corporation (NYSE:XOM) reported Sales of 237.06 Billion (naijaoversabi.com)
• Trading Spotlight on EXXON MOBIL CORP. (XONA.DE) Shares (fishinghd.com)
• Exxon Mobil Corporation (XOM) Position Increased by BerganKDV Wealth Management LLC (campdesrecrues.com)
• Exxon Mobil Corporation (XOM) PT Lowered to $84.00 at Citigroup Inc (overnewsmagazine.com)
• Exxon Mobil – Long Term Immense Cash Flow Generation (seekingalpha.com)

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Scotiabank raised Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and upped their price target for the stock from $85.00 to $86.00 in a research note on Monday, June 5th. Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective for the company. in a research note on Tuesday, June 6th. Finally, Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $84.98.

Exxon Mobil Corporation (NYSE:XOM) opened at 78.21 on Friday. The stock has a market capitalization of $331.38 billion, a price-to-earnings ratio of 28.19 and a beta of 0.81. Exxon Mobil Corporation has a 12-month low of $78.20 and a 12-month high of $93.22. The stock’s 50 day moving average is $80.50 and its 200 day moving average is $81.75.

Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same period last year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.94%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.

In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by insiders.

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About Exxon Mobil Corporation

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.