Exxon Mobil Corp. (XOM) Downgraded by Vetr Inc. to “Hold”

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Exxon Mobil Corp. (NYSE:XOM) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Wednesday. They currently have a $90.31 price objective on the stock. Vetr‘s price objective would suggest a potential upside of 4.00% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the company. Credit Suisse Group AG reissued an “underperform” rating on shares of Exxon Mobil Corp. in a research report on Tuesday. Morningstar Inc. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Argus reissued a “buy” rating and set a $104.00 price objective on shares of Exxon Mobil Corp. in a research report on Wednesday, August 17th. Credit Agricole SA reissued a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Finally, Societe Generale set a $105.00 price target on Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 15th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $87.03.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 2.48% during mid-day trading on Wednesday, reaching $86.84. The company’s stock had a trading volume of 12,820,202 shares. The company has a 50 day moving average of $88.28 and a 200-day moving average of $87.89. The firm has a market capitalization of $360.10 billion, a P/E ratio of 34.49 and a beta of 0.78. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.

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Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same period in the prior year, the firm posted $1.00 EPS. Exxon Mobil Corp.’s revenue for the quarter was down 22.2% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corp. will post $2.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Wednesday, August 10th. Exxon Mobil Corp.’s payout ratio is presently 119.05%.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.
A number of hedge funds have modified their holdings of the company. Tradewinds Capital Management LLC increased its stake in shares of Exxon Mobil Corp. by 49.8% in the second quarter. Tradewinds Capital Management LLC now owns 3,589 shares of the company’s stock valued at $336,000 after buying an additional 1,193 shares during the last quarter. Alley Co LLC increased its stake in shares of Exxon Mobil Corp. by 3.2% in the second quarter. Alley Co LLC now owns 67,599 shares of the company’s stock valued at $6,337,000 after buying an additional 2,088 shares during the last quarter. Signaturefd LLC increased its stake in shares of Exxon Mobil Corp. by 12.0% in the second quarter. Signaturefd LLC now owns 39,518 shares of the company’s stock valued at $3,704,000 after buying an additional 4,230 shares during the last quarter. Glenview State Bank Trust DEPT. increased its stake in shares of Exxon Mobil Corp. by 1.6% in the second quarter. Glenview State Bank Trust DEPT. now owns 81,913 shares of the company’s stock valued at $7,678,000 after buying an additional 1,326 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of Exxon Mobil Corp. by 2.0% in the second quarter. Wedge Capital Management L L P NC now owns 186,849 shares of the company’s stock valued at $17,515,000 after buying an additional 3,657 shares during the last quarter. 50.60% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
To view Vetr’s full report, visit Vetr’s official website.

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