Exxon Mobil (XOM) Cut to Hold at HSBC

HSBC lowered shares of Exxon Mobil (NYSE:XOM) from a buy rating to a hold rating in a report issued on Monday morning, Benzinga reports. The brokerage currently has $75.60 target price on the oil and gas company’s stock.

XOM has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed a buy rating and set a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 19th. Argus reaffirmed a buy rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Goldman Sachs Group set a $79.00 price target on Exxon Mobil and gave the company a neutral rating in a research report on Friday, February 1st. Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the company a neutral rating in a research report on Friday, February 1st. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a $87.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $84.29.

Shares of NYSE XOM opened at $76.36 on Monday. Exxon Mobil has a one year low of $64.65 and a one year high of $87.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77. The firm has a market cap of $319.46 billion, a PE ratio of 15.49, a PEG ratio of 1.58 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The firm had revenue of $63.63 billion for the quarter, compared to analysts’ expectations of $67.35 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil will post 3.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a dividend of $0.87 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date is Friday, May 10th. This represents a $3.48 dividend on an annualized basis and a yield of 4.56%. Exxon Mobil’s dividend payout ratio is 70.59%.

In related news, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the sale, the vice president now owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of XOM. Vanguard Group Inc. increased its stake in Exxon Mobil by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after acquiring an additional 3,269,684 shares during the last quarter. Vanguard Group Inc increased its stake in Exxon Mobil by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after acquiring an additional 3,269,684 shares during the last quarter. Northern Trust Corp increased its stake in Exxon Mobil by 0.5% in the 1st quarter. Northern Trust Corp now owns 57,489,120 shares of the oil and gas company’s stock worth $4,645,121,000 after acquiring an additional 311,887 shares during the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 8.9% in the 1st quarter. Geode Capital Management LLC now owns 56,860,401 shares of the oil and gas company’s stock worth $4,587,178,000 after acquiring an additional 4,664,609 shares during the last quarter. Finally, FMR LLC increased its stake in Exxon Mobil by 6.8% in the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after acquiring an additional 3,038,704 shares during the last quarter. 54.62% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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