ExxonMobil Corporation (NYSE:XOM) Given Consensus Rating of “Moderate Buy” by Analysts

ExxonMobil Corporation (NYSE:XOMGet Free Report) has received a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $161.70.

XOM has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. TD Cowen decreased their target price on ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Sanford C. Bernstein decreased their target price on ExxonMobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Loop Capital set a $123.00 price objective on ExxonMobil in a report on Tuesday, February 3rd. Finally, UBS Group upped their price objective on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday.

Check Out Our Latest Research Report on XOM

Insider Activity

In other news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the transaction, the vice president directly owned 20,354 shares in the company, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 6,460 shares of company stock valued at $989,104. 0.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ExxonMobil

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Camden National Bank boosted its holdings in shares of ExxonMobil by 1.4% in the 1st quarter. Camden National Bank now owns 9,433 shares of the oil and gas company’s stock worth $1,600,000 after purchasing an additional 126 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of ExxonMobil by 4.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 38,466 shares of the oil and gas company’s stock worth $6,526,000 after purchasing an additional 1,469 shares in the last quarter. First National Bank of Hutchinson boosted its holdings in shares of ExxonMobil by 60.5% in the 1st quarter. First National Bank of Hutchinson now owns 14,753 shares of the oil and gas company’s stock worth $2,503,000 after purchasing an additional 5,559 shares in the last quarter. CFO Capital Management LLC boosted its holdings in shares of ExxonMobil by 914.1% in the 1st quarter. CFO Capital Management LLC now owns 78,656 shares of the oil and gas company’s stock worth $13,345,000 after purchasing an additional 70,900 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of ExxonMobil by 0.5% in the 1st quarter. Maryland State Retirement & Pension System now owns 212,591 shares of the oil and gas company’s stock worth $36,068,000 after purchasing an additional 999 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Price Performance

Shares of NYSE XOM opened at $153.80 on Tuesday. The firm has a market capitalization of $639.29 billion, a P/E ratio of 25.94, a P/E/G ratio of 0.69 and a beta of 0.19. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $154.98 and its two-hundred day simple moving average is $135.25. ExxonMobil has a twelve month low of $101.18 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. As a group, equities analysts anticipate that ExxonMobil will post 11.18 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

About ExxonMobil

(Get Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Analyst Recommendations for ExxonMobil (NYSE:XOM)

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