Somewhat Positive Press Coverage Likely to Impact Exxon Mobil Corporation (XOM) Share Price

News articles about Exxon Mobil Corporation (NYSE:XOM) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Exxon Mobil Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 77 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

XOM has been the topic of several research analyst reports. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Monday, June 26th. Jefferies Group LLC reiterated a “neutral” rating and issued a $92.00 target price on shares of Exxon Mobil Corporation in a research note on Thursday, April 6th. BNP Paribas reiterated a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 target price on the stock in a research note on Monday, July 10th. Finally, Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has an average rating of “Hold” and a consensus target price of $85.46.

Exxon Mobil Corporation (NYSE XOM) traded down 1.52% during mid-day trading on Friday, hitting $79.60. The stock had a trading volume of 22,800,785 shares. The company has a 50-day moving average price of $81.20 and a 200 day moving average price of $82.16. The company has a market cap of $337.29 billion, a P/E ratio of 33.21 and a beta of 0.82. Exxon Mobil Corporation has a 1-year low of $78.27 and a 1-year high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. The firm had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same period last year, the firm earned $0.41 EPS. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post $3.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is presently 128.33%.

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Exxon Mobil Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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