Exxon Mobil (NYSE:XOM) Cut to “Sell” at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Exxon Mobil (NYSE:XOM – Free Report) from a hold rating to a sell rating in a research report report published on Friday.

A number of other research firms also recently weighed in on XOM. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Finally, Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $125.00.

View Our Latest Analysis on Exxon Mobil

Exxon Mobil Trading Down 2.8%

Shares of XOM opened at $109.23 on Friday. The business’s 50-day moving average price is $110.45 and its 200 day moving average price is $109.10. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $465.66 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.04 and a beta of 0.57. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.14 EPS. Analysts expect that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Axis Wealth Partners LLC lifted its position in shares of Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares during the period. Park Edge Advisors LLC raised its stake in shares of Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its position in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares during the period. Chapin Davis Inc. boosted its stake in Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after buying an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. increased its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 93 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

(Get Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Featured Stories