News stories about Exxon Mobil Corporation (NYSE:XOM) have been trending somewhat positive on Friday, according to Alpha One Sentiment Analysis. The research group, a subsidiary of Accern, identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Exxon Mobil Corporation earned a daily sentiment score of 0.13 on Alpha One’s scale. Alpha One also gave news stories about the oil and gas company an impact score of 74 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s rankings:
- Guyana allows ExxonMobil, partners to start drilling for oil (marketbeat.com)
- Exxon Mobil to proceed with Liza field development offshore Guyana (seekingalpha.com)
- Exxon Mobil Corporation (XOM) Receives Buy Rating from Royal Bank Of Canada (americanbankingnews.com)
- Exxon Mobil: Too Much Bad News? – Seeking Alpha (seekingalpha.com)
- ExxonMobil Achieves Success with Production Test on Muruk 1 (finance.yahoo.com)
A number of analysts have issued reports on XOM shares. Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $88.94 target price for the company. in a research note on Monday, February 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Scotiabank raised Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $86.00 in a research report on Monday, June 5th. Finally, Argus reissued a “focus list” rating and set a $104.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $89.18.
Exxon Mobil Corporation (NYSE:XOM) traded up 1.50% during midday trading on Friday, reaching $83.49. The company had a trading volume of 39,726,069 shares. The firm has a market capitalization of $353.77 billion, a PE ratio of 34.83 and a beta of 0.86. Exxon Mobil Corporation has a 12 month low of $79.26 and a 12 month high of $95.55. The firm’s 50-day moving average price is $81.90 and its 200 day moving average price is $83.90. Exxon Mobil Corporation also was the recipient of some unusual options trading on Thursday. Stock investors bought 30,467 put options on the company. This is an increase of approximately 115% compared to the average daily volume of 14,191 put options.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $63.29 billion during the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. Exxon Mobil Corporation’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post $3.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were issued a $0.77 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. This is an increase from Exxon Mobil Corporation’s previous quarterly dividend of $0.75. Exxon Mobil Corporation’s dividend payout ratio is currently 128.33%.
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About Exxon Mobil Corporation
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.
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