Exxon Mobil – A Diversified Energy Conglomerate with a Consensus Recommendation of “Hold”
Exxon Mobil Co., a world-renowned integrated energy company that engages in the exploration, production, transportation and sale of crude oil and natural gas, has earned a consensus recommendation of “Hold” from Bloomberg’s 24 ratings firms covering the firm.
Of the analysts who have provided ratings on Exxon Mobil Co. (NYSE:XOM), one investment analyst has rated the stock with a sell rating, seven have assigned it a hold rating and eight have given it a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $126.07.
In addition to its core business operations, Exxon Mobil also recently announced a quarterly dividend for shareholders or record as of Tuesday, May 16th. Stockholders will receive $0.91 per share on Friday June 9th; this equates to an annualized dividend payout ratio (DPR) of 24.64% and represents a dividend yield of 3.44%.
Numerous hedge funds have recently added to or reduced their stakes in XOM; these include Axiom Financial Strategies LLC which lifted its position in Exxon Mobil by 17.4%, Retirement Income Solutions Inc which acquired a new stake during the first quarter worth about $275,000, Loomis Sayles & Co.L.P who increased its holdings in shares of Exxon Mobil by 318.8% during Q1 and Ergoteles LLC who lifted its position by 95.6%. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil during Q1 worth $237k.
A diverse range of stakeholders gravitate towards this renowned brand due to its decentralized business model – sited across branches worldwide – and unique approach towards innovative technology activations that synergize with ambients throughout all regions aforementioned.
As we approach the business end of Q1 2021, Exxon Mobil remains highly sought after with an array of investors remaining confident in its ability to deliver returns going forward and provide long-term value to portfolios.
XOM
Updated on: 20/05/2023
Financial Health
Neutral
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Exxon Mobil: Mixed Signals in Times of Change
Exxon Mobil: A Company in Flux
Exxon Mobil (NYSE:XOM) has recently been the subject of a range of research reports and undergone significant changes within the company. The oil and gas giant was downgraded by ScotiaBank from a “sector outperform” rating to a “sector perform” rating, while their price target for the stock decreased from $140 to $135 in a report on Thursday, April 13th. Jefferies Financial Group also dropped their target price on shares of Exxon Mobil, this time from $148 to $140, while Piper Sandler increased their price target for the stock from $134 to $145. On the other hand, HSBC upped their price target on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a separate report filed on Thursday, April 20th. Meanwhile, Truist Financial boosted their price objective for shares of Exxon Mobil from $116 to $118.
As if these changes weren’t enough, VP Darrin L. Talley recently sold 2,500 shares of Exxon Mobil’s stock in a transaction that occurred on Monday, May 1st. The sale was conducted at an average price of $116.11 per share giving an overall total transaction value of around $290k. Following on from this sale, Darrin L Talley now owns roughly 29,272 shares directly in XOM with an estimated worth of approximately $3,398k as of writing.
The company also recently announced that it will be issuing a quarterly dividend – due on Friday June 9th – which will trade at a rate of $.91 per share for shareholders who purchased stocks ahead of the Tuesday May 16th record date. The resulting annualized payout is expected to be around $3.64 with an associated yield equivalent to roughly 3.44% based upon the current XOM share price.
Turning to Exxon Mobil’s financials, Q1 EPS earnings were ahead of the consensus estimate of $2.65 at $2.83, showing a positive position compared to the same period last year where Exxon Mobil earned $2.07 EPS. However, quarter one revenue was below analyst predictions ($86.56 billion where expectations were for roughly $90.07 billion), resulting in a 4.3% YoY decline in the firm’s quarterly revenue overall.
There are clearly some mixed feelings amongst analysts about Exxon Mobil right now and abundant changes within the company which are causing somewhat of a ripple effect across marketplaces more widely, meaning that deciphering XOM’s current position requires deeper analysis than accessing core company indicators alone.
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2023-05-20 17:57:00Z
CBMiSWh0dHBzOi8vYmVzdHN0b2Nrcy5jb20vZXh4b24tbW9iaWwtYS1ob2xkLXJhdGVkLWRpdmVyc2lmaWVkLWVuZXJneS1jb25nbC_SAQA
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