Exxon Mobil Co. (XOM) Given Average Recommendation of “Hold” by Brokerages

Shares of Exxon Mobil Co. (NYSE:XOM) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $84.60.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 19th. Argus reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Goldman Sachs Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, February 1st. Finally, Mizuho set a $84.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research note on Thursday, March 7th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zevin Asset Management LLC lifted its position in shares of Exxon Mobil by 1.6% in the 4th quarter. Zevin Asset Management LLC now owns 8,743 shares of the oil and gas company’s stock worth $596,000 after acquiring an additional 141 shares during the period. Jackson Financial Management lifted its position in shares of Exxon Mobil by 2.1% in the 4th quarter. Jackson Financial Management now owns 6,776 shares of the oil and gas company’s stock worth $462,000 after acquiring an additional 142 shares during the period. Strategic Advisors LLC lifted its position in shares of Exxon Mobil by 1.9% in the 1st quarter. Strategic Advisors LLC now owns 7,534 shares of the oil and gas company’s stock worth $609,000 after acquiring an additional 144 shares during the period. Kiwi Wealth Investments Limited Partnership lifted its position in shares of Exxon Mobil by 1.5% in the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 9,737 shares of the oil and gas company’s stock worth $664,000 after acquiring an additional 146 shares during the period. Finally, Cordasco Financial Network lifted its position in shares of Exxon Mobil by 4.1% in the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 148 shares during the period. 54.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of XOM traded down $0.27 during midday trading on Wednesday, reaching $80.65. 6,431,935 shares of the stock were exchanged, compared to its average volume of 12,437,146. Exxon Mobil has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. The company has a market capitalization of $347.26 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The company had revenue of $71.90 billion during the quarter, compared to the consensus estimate of $78.87 billion. During the same period last year, the business earned $0.88 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil will post 4.02 earnings per share for the current fiscal year.

Exxon Mobil 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Featured Article: What is dollar cost averaging (DCA)?

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.