Exxon Mobil Corporation (XOM) Raised to Strong-Buy at Vetr Inc., Report finds

Exxon Mobil Corporation (XOM) Raised to Strong-Buy at Vetr Inc., Report finds

Exxon Mobil Corporation (NYSE:XOM) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm currently has a $92.58 price target on the stock. Vetr‘s price target indicates a potential upside of 13.62% from the stock’s previous close.

XOM has been the topic of several other reports. Wells Fargo & Company downgraded Exxon Mobil Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 11th. They noted that the move was a valuation call. Macquarie reaffirmed an “underperform” rating and set a $75.00 target price on shares of Exxon Mobil Corporation in a report on Saturday, December 17th. BNP Paribas set a $80.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, October 11th. RBC Capital Markets set a $98.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Thursday, October 13th. Finally, CLSA reaffirmed an “outperform” rating on shares of Exxon Mobil Corporation in a report on Wednesday, February 1st. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and an average price target of $88.48.

Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.66% during mid-day trading on Wednesday, hitting $81.48. The stock had a trading volume of 14,006,281 shares. Exxon Mobil Corporation has a 52 week low of $77.58 and a 52 week high of $95.55. The firm has a market cap of $337.98 billion, a PE ratio of 43.34 and a beta of 0.91. The stock has a 50 day moving average price of $86.69 and a 200 day moving average price of $86.94.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by $0.29. The firm had revenue of $61.02 billion for the quarter, compared to the consensus estimate of $62.28 billion. Exxon Mobil Corporation had a return on equity of 5.56% and a net margin of 3.47%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Equities research analysts expect that Exxon Mobil Corporation will post $4.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 9th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.68%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 159.58%.

In related news, insider Sara N. Ortwein sold 5,000 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $90.88, for a total value of $454,400.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dennis G. Wascom sold 4,400 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $92.00, for a total value of $404,800.00. Following the completion of the sale, the vice president now owns 183,765 shares in the company, valued at approximately $16,906,380. The disclosure for this sale can be found here. Insiders sold 63,054 shares of company stock worth $5,544,316 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of XOM. Nordea Investment Management AB boosted its stake in shares of Exxon Mobil Corporation by 84.8% in the second quarter. Nordea Investment Management AB now owns 2,809,085 shares of the company’s stock valued at $263,324,000 after buying an additional 1,289,210 shares during the period. Kessler Investment Group LLC boosted its stake in shares of Exxon Mobil Corporation by 3.5% in the second quarter. Kessler Investment Group LLC now owns 31,123 shares of the company’s stock valued at $2,917,000 after buying an additional 1,062 shares during the period. Telemus Capital LLC boosted its stake in shares of Exxon Mobil Corporation by 140.4% in the second quarter. Telemus Capital LLC now owns 25,623 shares of the company’s stock valued at $2,402,000 after buying an additional 14,964 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Exxon Mobil Corporation by 1.4% in the second quarter. Suntrust Banks Inc. now owns 2,253,075 shares of the company’s stock valued at $211,201,000 after buying an additional 32,102 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Exxon Mobil Corporation by 0.4% in the second quarter. St. Johns Investment Management Company LLC now owns 23,612 shares of the company’s stock valued at $2,213,000 after buying an additional 92 shares during the period. Institutional investors own 51.14% of the company’s stock.

Exxon Mobil Corporation 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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Exxon Mobil Corporation (XOM) Raised to Strong-Buy at Vetr Inc.

Exxon Mobil Corporation (XOM) Raised to Strong-Buy at Vetr Inc.

Exxon Mobil Corporation (NYSE:XOM) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm currently has a $92.58 price target on the stock. Vetr‘s price target indicates a potential upside of 13.62% from the stock’s previous close.

XOM has been the topic of several other reports. Wells Fargo & Company downgraded Exxon Mobil Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 11th. They noted that the move was a valuation call. Macquarie reaffirmed an “underperform” rating and set a $75.00 target price on shares of Exxon Mobil Corporation in a report on Saturday, December 17th. BNP Paribas set a $80.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, October 11th. RBC Capital Markets set a $98.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Thursday, October 13th. Finally, CLSA reaffirmed an “outperform” rating on shares of Exxon Mobil Corporation in a report on Wednesday, February 1st. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and an average price target of $88.48.

Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.66% during mid-day trading on Wednesday, hitting $81.48. The stock had a trading volume of 14,006,281 shares. Exxon Mobil Corporation has a 52 week low of $77.58 and a 52 week high of $95.55. The firm has a market cap of $337.98 billion, a PE ratio of 43.34 and a beta of 0.91. The stock has a 50 day moving average price of $86.69 and a 200 day moving average price of $86.94.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by $0.29. The firm had revenue of $61.02 billion for the quarter, compared to the consensus estimate of $62.28 billion. Exxon Mobil Corporation had a return on equity of 5.56% and a net margin of 3.47%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Equities research analysts expect that Exxon Mobil Corporation will post $4.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 9th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.68%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 159.58%.

In related news, insider Sara N. Ortwein sold 5,000 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $90.88, for a total value of $454,400.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Dennis G. Wascom sold 4,400 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $92.00, for a total value of $404,800.00. Following the completion of the sale, the vice president now owns 183,765 shares in the company, valued at approximately $16,906,380. The disclosure for this sale can be found here. Insiders sold 63,054 shares of company stock worth $5,544,316 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of XOM. Nordea Investment Management AB boosted its stake in shares of Exxon Mobil Corporation by 84.8% in the second quarter. Nordea Investment Management AB now owns 2,809,085 shares of the company’s stock valued at $263,324,000 after buying an additional 1,289,210 shares during the period. Kessler Investment Group LLC boosted its stake in shares of Exxon Mobil Corporation by 3.5% in the second quarter. Kessler Investment Group LLC now owns 31,123 shares of the company’s stock valued at $2,917,000 after buying an additional 1,062 shares during the period. Telemus Capital LLC boosted its stake in shares of Exxon Mobil Corporation by 140.4% in the second quarter. Telemus Capital LLC now owns 25,623 shares of the company’s stock valued at $2,402,000 after buying an additional 14,964 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Exxon Mobil Corporation by 1.4% in the second quarter. Suntrust Banks Inc. now owns 2,253,075 shares of the company’s stock valued at $211,201,000 after buying an additional 32,102 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Exxon Mobil Corporation by 0.4% in the second quarter. St. Johns Investment Management Company LLC now owns 23,612 shares of the company’s stock valued at $2,213,000 after buying an additional 92 shares during the period. Institutional investors own 51.14% of the company’s stock.

Exxon Mobil Corporation 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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