HSBC Securities Released "Hold" Rating on Exxon Mobil Corporation (XOM)

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Alpha Windward LLC increased its stake in Exxon Mobil by 0.3% in the third quarter. Mizuho Asset Management Co. Edgar Lomax Co. VA raised its position in Exxon Mobil Corp.by 17.5% in the first quarter. Mizuho Trust & Banking Co. Ruggie Capital Group now owns 3,312 shares of the company's stock worth $288,000 after buying an additional 16 shares during the period. (NYSE:XOM) on strength during trading hours on Thursday after HSBC Holdings plc lowered their price target on the stock from $90.00 to $85.00. XOM's value Change from Open was at 1.28% with a Gap of -0.48%. The stock's market capitalization is 338.40B. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -0.56% where SMA50 and SMA200 are -3.17% and -5.18% respectively.

(NYSE:XOM) last released its quarterly earnings data on Friday, October 28th. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.98 earnings per share. The company earned $61.02 billion during the quarter, compared to the consensus estimate of $62.28 billion. Presently, it has a Return on Equity (ROE) of 4.60% and Return on Investment (ROI) of 0.60%. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. Exxon Mobil's payout ratio is now 159.58%. Investors of record on Thursday, February 9th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, February 7th.

01/18/2017 - Exxon Mobil Corporation was downgraded to "sell" by analysts at UBS. If you are viewing this article on another site, it was stolen and reposted in violation of US & worldwide copyright & trademark legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/03/11/exxon-mobil-co-xom-stake-boosted-by-cedar-hill-associates-llc.html.

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A number of research analysts have weighed in on XOM shares. Investors who are keeping close eye on the stock of Exxon Mobil Corporation (NYSE:XOM) established that the company was able to keep return on investment at 3.03 in the trailing twelve month while Reuters data showed that industry's average stands at 7.17 and sector's optimum level is 7.02. The stock has gained consensus mean rating of Hold based on the analysis of brokerage analyst firms polled. Finally, Credit Suisse Group AG set a $75.00 price objective on Exxon Mobil and gave the stock a "sell" rating in a report on Tuesday, January 24th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. KO right now sits at consensus rating of 2.50 while 5 analysts have advocated the shares as "BUY", 3 calls it an "OUTPERFORM" and 14 suggest "HOLD". The shares were sold at an average price of $92.00, for a total value of $404,800.00. Following the completion of the sale, the vice president now owns 183,765 shares of the company's stock, valued at approximately $16,906,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert N. Schleckser sold 5,339 shares of the business's stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $90.88, for a total value of $454,400.00. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas. 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.

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