Investors received a research note from StockNews.com’s research analysts for the first time on Thursday, which marked the first day those analysts covered the company.
The brokerage firm gave the shares of the oil and gas company a rating of “hold,” which means to maintain current ownership.
On January 31, the most recent quarterly earnings report for Exxon Mobil (NYSE: XOM) was made available to the public.
Earnings per share for the oil and gas business came in at $3.40 for the quarter, which was $0.08 more than the consensus estimate of $3.32 per share.
The actual amount of money that the company brought in throughout the period was $95.43 billion, a significant increase from the predicted amount, which was $90.21 billion.
Exxon Mobil achieved a return on equity of 31.25%, and the company’s net margin came in at 13.47%. Compared to the same quarter in the previous year, the increase in revenue was 12.3% higher than expected. Compared to the previous year’s results for the same quarter, the company’s earnings came in at $2.05 per share.
Exxon Mobil is expected to finish the current fiscal year with earnings of $10.08 per share, as stated by projections made by financial analysts.
NYSE XOM started the trading day on Thursday at $101.62 per share.
The debt-to-equity ratio is calculated to be 0.20, the current ratio is calculated to be 1.41, and the quick ratio is calculated to be 1.06.
The current beta value for the company is 1.09, its P/E ratio is 7.66, its PEG ratio is 0.46, and its market capitalization is $413.69 billion.
Exxon Mobil has seen a one-year high of $119.63 and a one-year low of $76.25 in the stock price during the past year.
The stock’s current price, which is $112.12, is higher than its 50-day and 200-day moving averages, which are equal to $106.47.
Concerning the company, several other equity research professionals have also made public their findings.
Exxon Mobil was upgraded by Truist Financial from a “hold” rating to a “buy” recommendation, and the company increased its price objective on the stock from $101.00 to $110.00 in a research note that was disseminated on February 1.
Exxon Mobil was given an “overweight” rating and had its price target increased from $111 to $129.00 in a research report published by Barclays on January 3.
The report also increased the price objective for the company from $111 to $129.00.
In a research study published on January 18, and the report was made public on Wednesday, Redburn Partners advised shareholders of Exxon Mobil to “sell” their shares.
The study was made public on Wednesday.
Exxon Mobil was moved from an “overweight” rating to a “neutral” rating by Wells Fargo & Company in research released on Friday, March 1, 2019.
Additionally, the firm raised its price objective on the stock from $125.00 to $133.00. Finally, Mizuho increased their price objective on Exxon Mobil from $140.00 to $147.00 in a research note published on Friday, March 10. One of the equity research analysts has suggested that the stock should be sold, seven have suggested that it should be held, and fifteen have suggested that it should be bought.
According to Bloomberg, the current average rating for Exxon Mobil is “Moderate Buy,” The consensus price objective for the company is $121.64; this information was derived from market research conducted by analysts.
On February 1, the company’s vice president, Darrin L.
Talley, sold 2,500 shares of the company’s stock.
This is another piece of news.
This follows on the heels of other recent occurrences.
The stock was bought and sold for a total value of $288,750.00, with the average price per share being $115.50.
This resulted in the accumulation of cash.
Because of the transaction, the company’s vice president now owns 31,772 shares of the company’s stock, which are worth a total of $3,669,666. Following this link will take you to the SEC filing, where the transaction was discussed in more detail. Only 0.04% of the total company stock is held by current and former employees of the company.
Institutional investors have recently adjusted the total number of shares of stock they own in the company.
During the first three months of the year, Axiom Financial Strategies LLC successfully raised its ownership percentage in Exxon Mobil by 17.4 percent.
A total of 7,909 shares of the oil and gas company’s stock, which has a current market value of $680,000, have been acquired by Axiom Financial Strategies LLC following the purchase of an additional 1,173 shares during the period in question. Retirement Income Solutions INC added 275,000 dollars worth of new shares to its existing holdings in Exxon Mobil over the first three months of the year.
Loomis Sayles & Co L.P.
Increased the proportion of Exxon Mobil stock owned by 318.8 percentage points over the year’s first three months.
Loomis Sayles & Co L.P. now has 17,163 shares of the oil and gas company’s stock, currently valued at $1,417,000, following a new purchase of 13,065 shares during the period.
This brings the total number of shares owned by the firm to 17,163.
Ergoteles LLC increased its holdings in Exxon Mobil by 95.6% over the first three months of 2018.
After making additional purchases of 7,744 shares throughout the period in question, Ergoteles LLC is now the proud owner of 15,843 oil and gas company shares.
The value of these shares as of right now is $1,308,000 in total.
And finally, Bridgefront Capital LLC invested in Exxon Mobil, amounting to $237,500 during the first three months of the year.
Institutional investors currently control 57.49% of the company’s total shares.