Exxon Mobil (XOM) Raised to “Strong-Buy” at Vetr

Vetr upgraded shares of Exxon Mobil (NYSE:XOM) from a buy rating to a strong-buy rating in a report issued on Wednesday morning. The brokerage currently has $92.90 price target on the oil and gas company’s stock.

XOM has been the subject of a number of other research reports. Royal Bank of Canada reissued a sector perform rating on shares of Exxon Mobil in a research report on Friday, November 24th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil and gave the company a buy rating in a research report on Monday, September 18th. J P Morgan Chase & Co reissued a neutral rating and issued a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Independent Research set a $84.00 price objective on shares of Exxon Mobil and gave the company a neutral rating in a research report on Monday, August 21st. Finally, Morgan Stanley reissued an underperform rating on shares of Exxon Mobil in a research report on Thursday, October 19th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $86.32.

Shares of Exxon Mobil (XOM) opened at $83.03 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market cap of $352,360.00, a PE ratio of 23.29, a price-to-earnings-growth ratio of 1.74 and a beta of 0.82. Exxon Mobil has a fifty-two week low of $76.05 and a fifty-two week high of $91.67.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the previous year, the business posted $0.63 earnings per share. equities research analysts expect that Exxon Mobil will post 3.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s payout ratio is currently 100.33%.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the transaction, the vice president now owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 74,013 shares of company stock valued at $6,080,952 in the last three months. Company insiders own 0.08% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Asset Management Advisors LLC lifted its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after buying an additional 7 shares during the last quarter. Horizon Investment Services LLC lifted its position in shares of Exxon Mobil by 0.4% in the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the last quarter. Jag Capital Management LLC lifted its position in shares of Exxon Mobil by 0.5% in the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after buying an additional 26 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its position in shares of Exxon Mobil by 1.3% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock worth $196,000 after buying an additional 30 shares during the last quarter. Finally, Lehman Financial Resources Inc. lifted its position in shares of Exxon Mobil by 0.5% in the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock worth $579,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

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About Exxon Mobil

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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