Exxon Mobil (NYSE:XOM) Now Covered by BMO Capital Markets - TechNewsObserver

BMO Capital Markets assumed coverage on shares of Exxon Mobil (NYSE:XOM) in a research note released on Tuesday, BenzingaRatingsTable reports. The firm issued a market perform rating and a $86.00 price objective on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the company. HSBC restated a neutral rating and set a $86.50 target price on shares of Exxon Mobil in a research note on Thursday, May 23rd. Barclays began coverage on Exxon Mobil in a research note on Monday, August 19th. They set an equal weight rating and a $73.00 target price for the company. Zacks Investment Research cut Exxon Mobil from a hold rating to a strong sell rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Royal Bank of Canada restated a neutral rating and set a $90.00 target price on shares of Exxon Mobil in a research note on Friday, August 2nd. Finally, Berenberg Bank restated a hold rating and set a $76.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company’s stock. Exxon Mobil presently has an average rating of Hold and an average target price of $81.83.

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Shares of XOM stock opened at $67.49 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The stock has a market cap of $285.56 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. The stock has a 50 day simple moving average of $73.15 and a 200 day simple moving average of $76.66. Exxon Mobil has a 1 year low of $64.65 and a 1 year high of $87.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Analysts forecast that Exxon Mobil will post 3.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in XOM. Sitrin Capital Management LLC grew its holdings in shares of Exxon Mobil by 33.3% during the 4th quarter. Sitrin Capital Management LLC now owns 4,000 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 1,000 shares during the period. Dfpg Investments Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $283,000. Dakota Wealth Management grew its holdings in shares of Exxon Mobil by 10.8% during the 4th quarter. Dakota Wealth Management now owns 16,504 shares of the oil and gas company’s stock worth $1,253,000 after purchasing an additional 1,606 shares during the period. Sequoia Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $412,000. Finally, Kanawha Capital Management LLC grew its holdings in shares of Exxon Mobil by 5.7% during the 4th quarter. Kanawha Capital Management LLC now owns 161,162 shares of the oil and gas company’s stock worth $10,990,000 after purchasing an additional 8,725 shares during the period. Institutional investors own 54.48% of the company’s stock.

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.

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https://technewsobserver.com/news/2019/08/24/exxon-mobil-nysexom-now-covered-by-bmo-capital-markets.html

2019-08-24 16:43:27Z
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