Exxon Mobil (NYSE:XOM) Downgraded by Goldman Sachs Group

Goldman Sachs Group cut shares of Exxon Mobil (NYSE:XOM) to a sell rating in a research report report published on Tuesday, TipRanks reports.

Several other equities research analysts have also recently issued reports on the company. Credit Suisse Group decreased their price objective on Exxon Mobil from $70.00 to $65.00 and set a neutral rating on the stock in a report on Monday, February 3rd. Citigroup decreased their price objective on Exxon Mobil from $75.00 to $68.00 and set a neutral rating on the stock in a report on Tuesday, January 14th. Piper Jaffray Companies assumed coverage on Exxon Mobil in a report on Tuesday, November 26th. They set a hold rating and a $83.00 price objective on the stock. Berenberg Bank set a $63.00 price objective on Exxon Mobil and gave the stock a neutral rating in a report on Monday, February 3rd. Finally, DZ Bank cut Exxon Mobil from a hold rating to a sell rating and set a price objective on the stock. in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company. Exxon Mobil has a consensus rating of Hold and a consensus target price of $74.11.

Shares of NYSE:XOM opened at $60.65 on Tuesday. The business’s fifty day moving average price is $66.54 and its two-hundred day moving average price is $69.01. The stock has a market cap of $253.70 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. Exxon Mobil has a one year low of $59.62 and a one year high of $83.49.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.89. Exxon Mobil had a return on equity of 5.11% and a net margin of 5.41%. The firm had revenue of $67.17 billion for the quarter, compared to analysts’ expectations of $64.58 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. Exxon Mobil’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil will post 3.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 11th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Monday, February 10th. Exxon Mobil’s payout ratio is currently 154.67%.

In related news, CEO Darren W. Woods acquired 2,858 shares of the business’s stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $60.53 per share, with a total value of $172,994.74. Following the completion of the transaction, the chief executive officer now directly owns 818,032 shares of the company’s stock, valued at approximately $49,515,476.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David S. Rosenthal sold 9,615 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. 0.05% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd increased its position in shares of Exxon Mobil by 218.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 19,314 shares of the oil and gas company’s stock worth $1,348,000 after acquiring an additional 13,246 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Exxon Mobil by 6.2% during the fourth quarter. Advisors Asset Management Inc. now owns 398,480 shares of the oil and gas company’s stock worth $27,806,000 after acquiring an additional 23,208 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Exxon Mobil by 30.5% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 67,078 shares of the oil and gas company’s stock worth $4,681,000 after acquiring an additional 15,685 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Exxon Mobil by 106.3% during the fourth quarter. Captrust Financial Advisors now owns 453,998 shares of the oil and gas company’s stock worth $32,188,000 after acquiring an additional 233,918 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Exxon Mobil by 1,066.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 200,387 shares of the oil and gas company’s stock worth $13,983,000 after acquiring an additional 183,215 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

About Exxon Mobil

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.

Further Reading: Equal Weight Rating

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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