Exxon Mobil (NYSE:XOM) Receives Neutral Rating from Redburn Atlantic

Redburn Atlantic restated their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a report released on Tuesday morning, MarketBeat reports. The brokerage currently has a $120.00 price objective on the oil and gas company’s stock, up from their previous price objective of $119.00.

Other research analysts have also recently issued research reports about the company. Morgan Stanley decreased their target price on Exxon Mobil from $145.00 to $142.00 and set an overweight rating for the company in a research note on Monday, September 16th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an outperform rating and a $146.00 price objective on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating for the company in a report on Wednesday, July 17th. Finally, UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a buy rating on the stock in a report on Wednesday, September 18th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $135.82.

Exxon Mobil Stock Down 0.2 %

XOM stock opened at $117.07 on Tuesday. The firm’s 50-day moving average is $115.94 and its two-hundred day moving average is $115.59. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $461.61 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Institutional Trading of Exxon Mobil

Institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. increased its position in Exxon Mobil by 9.2% in the 2nd quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company’s stock worth $4,305,000 after purchasing an additional 3,145 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Exxon Mobil by 9,314.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock worth $91,035,000 after buying an additional 782,381 shares during the last quarter. Verity & Verity LLC raised its position in Exxon Mobil by 0.4% during the second quarter. Verity & Verity LLC now owns 138,894 shares of the oil and gas company’s stock valued at $15,989,000 after acquiring an additional 487 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Exxon Mobil by 6.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 18,557 shares of the oil and gas company’s stock valued at $2,136,000 after acquiring an additional 1,134 shares during the last quarter. Finally, Cannon Financial Strategists Inc. bought a new stake in Exxon Mobil in the second quarter worth approximately $618,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.