Raymond James Reaffirms “Sell” Rating for Exxon Mobil (NYSE:XOM)

Raymond James restated their sell rating on shares of Exxon Mobil (NYSE:XOM) in a report published on Friday, AnalystRatings.com reports.

Several other brokerages also recently weighed in on XOM. Scotiabank reduced their price objective on shares of Exxon Mobil from $50.00 to $47.00 and set a sector underperform rating for the company in a research report on Monday, July 13th. SunTrust Banks assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 23rd. They set a hold rating and a $41.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $45.00 to $46.00 and gave the stock an equal weight rating in a research report on Friday, August 21st. Standpoint Research upgraded shares of Exxon Mobil from a hold rating to a buy rating in a research report on Friday, September 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Exxon Mobil from $45.00 to $50.00 and gave the stock an underperform rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $51.30.

NYSE XOM opened at $36.43 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Exxon Mobil has a 52 week low of $30.11 and a 52 week high of $73.12. The stock has a market capitalization of $154.03 billion, a PE ratio of 21.68 and a beta of 1.26. The firm has a 50 day moving average of $40.51 and a two-hundred day moving average of $42.86.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. During the same quarter last year, the firm earned $0.61 EPS. The company’s revenue was down 52.8% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil will post -0.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 9.55%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

Several large investors have recently bought and sold shares of XOM. Reitz Capital Advisors LLC bought a new position in Exxon Mobil in the second quarter worth $33,000. Capstone Financial Group Inc. lifted its stake in Exxon Mobil by 49.0% in the 2nd quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 367 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $52,000. Evolution Wealth Advisors LLC raised its stake in shares of Exxon Mobil by 2,790.7% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $63,000. 50.90% of the stock is currently owned by institutional investors and hedge funds.

About Exxon Mobil

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.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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