HSBC Reiterates Sell Rating for Exxon Mobil (XOM)

HSBC reiterated their sell rating on shares of Exxon Mobil (NYSE:XOM) in a report issued on Thursday. HSBC currently has a $70.00 price objective on the oil and gas company’s stock.

Several other equities analysts have also recently weighed in on XOM. BMO Capital Markets set a $80.00 price objective on Exxon Mobil and gave the company a hold rating in a research note on Wednesday, October 18th. Morgan Stanley restated an underperform rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Jefferies Group set a $84.00 price objective on Exxon Mobil and gave the company a hold rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded Exxon Mobil from a hold rating to a buy rating and set a $93.00 price objective on the stock in a research note on Thursday, October 26th. Finally, Wells Fargo & Co set a $84.00 price objective on Exxon Mobil and gave the company a neutral rating in a research note on Monday, October 30th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of Hold and an average price target of $87.02.

Exxon Mobil (XOM) opened at $76.54 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil has a 52 week low of $73.90 and a 52 week high of $89.30. The firm has a market capitalization of $324,310.00, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The company had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. During the same quarter last year, the business posted $0.41 earnings per share. Exxon Mobil’s revenue was up 9.0% on a year-over-year basis. equities research analysts anticipate that Exxon Mobil will post 4.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 12th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s dividend payout ratio is currently 66.52%.

In related news, VP Robert N. Schleckser sold 4,877 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,645,464.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the sale, the vice president now owns 291,385 shares in the company, valued at $24,199,524.25. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock worth $4,273,910 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. CWH Capital Management Inc. purchased a new position in Exxon Mobil during the 2nd quarter valued at about $114,000. Ford Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $137,000. Litman Gregory Asset Management LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at about $131,000. Acrospire Investment Management LLC grew its holdings in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 51.29% of the company’s stock.

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About Exxon Mobil

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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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