Momentum Stock: Exxon Mobil Corporation (NYSE:XOM)
- Author: Salvatore Jensen Apr 05, 2017,
Apr 05, 2017, 21:05
The current Zacks consensus target price on shares of Exxon Mobil Corporation (NYSE:XOM) is $90.5. Finally, CLSA reaffirmed an outperform rating on shares of Exxon Mobil in a report on Wednesday, February 1st. BNP Paribas reissued a sell rating and set a $75.00 price objective on shares of Exxon Mobil in a report on Tuesday, March 28th.
The number of shares traded in the last trading session was 21.73 Million. They noted that the move was a valuation call. The average analysts gave this company a mean recommendation of 2.20.
CIT Group Inc. (NYSE:CIT) surged 3.67% to close at $44.02 with the total traded volume of 4.28 Million shares. Exxon Mobil Corporation P/E (price to earnings) ratio is 43.88 and Forward P/E ratio of 17.49. Exxon Mobil Corporation (NYSE:XOM) shares were trading -11.87% below from the 52-week high mark of $93.06 and 3.56% above from the 52-week bottom of $79.19. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 0.64%.
Exxon Mobil Corporation (XOM) has a market capitalization of 341.55 Billion. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.70 by $0.29. The company now has a Return on Equity (ROE) of 4.60% and a Return on Investment (ROI) of 0.60%. The company had revenue of $61.02 billion for the quarter, compared to analysts' expectations of $62.28 billion.
According to sentiments of 5 analysts the company is expected to report revenues of $67.9B for the current quarter. This showed the surprise of 28.6% in the last quarter earnings. The 1 year EPS growth rate is -6.30%.
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Exxon Mobil comprises 0.7% of Good Life Advisors LLC's holdings, making the stock its 29th largest position. It has a dividend yield of 3.64%. Stockholders of record on Thursday, February 9th were issued a $0.75 dividend. Exxon Mobil's dividend payout ratio is presently 159.58%. Finally, Beacon Trust Co. raised its position in shares of Exxon Mobil by 4.1% in the second quarter. Also, the Hold rating count is 11 as of 04/04/17. If you are accessing this piece of content on another publication, it was stolen and republished in violation of USA & global copyright & trademark legislation. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/04/05/exxon-mobil-co-xom-rating-increased-to-buy-at-vetr-inc.html.
Institutional investors have recently bought and sold shares of the company. Equitec Proprietary Markets LLC acquired a new stake in Exxon Mobil during the third quarter worth about $107,000. Psagot Investment House Ltd. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $119,000.
Exxon Mobil Corporation (XOM) is now showing its ROA (Return on Assets) of 2.3%.