Exxon Mobil Corporation (XOM) Receiving Somewhat Positive News Coverage, Analysis Shows

Media headlines about Exxon Mobil Corporation (NYSE:XOM) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Exxon Mobil Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.861007655754 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

XOM has been the subject of several research reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $83.00 price objective on shares of Exxon Mobil Corporation in a research note on Tuesday, May 30th. Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price objective for the company in a research note on Monday, June 5th. Howard Weil upgraded shares of Exxon Mobil Corporation from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 5th. Scotiabank upgraded shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $86.00 in a research note on Monday, June 5th. Finally, Scotia Howard Weill upgraded shares of Exxon Mobil Corporation from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 5th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.65.

Shares of Exxon Mobil Corporation (XOM) traded up 0.04% during midday trading on Friday, reaching $79.92. 10,205,789 shares of the company’s stock traded hands. The stock’s 50 day moving average is $78.37 and its 200-day moving average is $80.77. The company has a market capitalization of $338.63 billion, a PE ratio of 28.81 and a beta of 0.82. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

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Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Insider Buying and Selling by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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