BNP Paribas reaffirmed their sell rating on shares of ExxonMobil (NYSE:XOM) in a research report released on Wednesday. BNP Paribas currently has a $85.00 price objective on the oil and gas company’s stock.
XOM has been the subject of a number of other research reports. Goldman Sachs Group restated a neutral rating and set a $96.00 price objective on shares of ExxonMobil in a report on Thursday, February 1st. Credit Suisse Group decreased their price objective on shares of ExxonMobil from $82.00 to $79.00 and set a neutral rating for the company in a report on Monday, April 30th. Raymond James upgraded shares of ExxonMobil from an underperform rating to a market perform rating in a report on Monday, April 23rd. They noted that the move was a valuation call. Barclays downgraded shares of ExxonMobil from an overweight rating to an underweight rating and decreased their price objective for the stock from $91.00 to $84.00 in a report on Tuesday, February 6th. Finally, Bank of America set a $100.00 price objective on shares of ExxonMobil and gave the stock a buy rating in a report on Wednesday, March 7th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. ExxonMobil has a consensus rating of Hold and an average target price of $86.41.
Get ExxonMobil alerts:
ExxonMobil opened at $78.71 on Wednesday, according to Marketbeat Ratings. ExxonMobil has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.80 and a quick ratio of 0.50. The stock has a market cap of $340.14 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.13 and a beta of 0.90.
ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). ExxonMobil had a return on equity of 8.22% and a net margin of 7.72%. The company had revenue of $68.21 billion for the quarter, compared to analysts’ expectations of $61.49 billion. During the same quarter last year, the business posted $0.95 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. equities research analysts anticipate that ExxonMobil will post 4.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Monday, May 14th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, May 11th. This represents a $3.28 annualized dividend and a yield of 4.17%. This is a boost from ExxonMobil’s previous quarterly dividend of $0.77. ExxonMobil’s payout ratio is currently 91.36%.
A number of large investors have recently modified their holdings of XOM. Mountain Capital Investment Advisors Inc grew its stake in ExxonMobil by 108.1% during the third quarter. Mountain Capital Investment Advisors Inc now owns 4,502 shares of the oil and gas company’s stock valued at $369,000 after acquiring an additional 2,339 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in ExxonMobil by 5.8% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 663,696 shares of the oil and gas company’s stock valued at $54,410,000 after purchasing an additional 36,368 shares during the last quarter. Stonebridge Capital Management Inc. lifted its position in ExxonMobil by 2.4% during the third quarter. Stonebridge Capital Management Inc. now owns 113,437 shares of the oil and gas company’s stock valued at $9,300,000 after purchasing an additional 2,697 shares during the last quarter. Polaris Greystone Financial Group LLC bought a new stake in ExxonMobil during the third quarter valued at approximately $289,000. Finally, Old Mutual Global Investors UK Ltd. lifted its position in ExxonMobil by 5.3% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 522,886 shares of the oil and gas company’s stock valued at $42,866,000 after purchasing an additional 26,270 shares during the last quarter. 51.98% of the stock is owned by institutional investors.
ExxonMobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.