Exxon Mobil Earns “Underweight” Rating from Barclays (XOM)

The company shares have dropped -24.08% from its 1 Year high price.

Shares in Exxon Mobil Corporation (NYSE:XOM) have by -20.14% year to date and are now trading 8.19% above their 52-week low, at a price of $72.01.

However, analysts at Credit Suisse are bearish on oil’s long term prospects. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Morgan Stanley restated an underweight rating on shares of Exxon Mobil in a research note on Thursday, May 7th. The stock failed to get pushed above the $74.68 barrier, the intraday high.

8/19/2015 – Exxon Mobil had its “hold” rating reaffirmed by analysts at Citigroup Inc. The 52-week low of the share price is $66.55.

8/3/2015 – Exxon Mobil had its price target lowered by analysts at Credit Suisse from $86.00 to $83.00. RBC Capital restated an outperform rating and issued a $96.00 target price (down previously from $98.00) on shares of Exxon Mobil in a research report on Monday, August 3rd.

The increasing cash flows provide a dependable dividend which can be sustained even if oil prices remain around $50 on the West Texas Intermediary in 2018.

On a similar note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Woodbury Jeffrey J, officer (Vice President and Secretary) of Exxon Mobil Corp, had purchased 5,115 shares on August 4, 2015. In January 2012, Apache Corporation acquired Exxon Mobil’s Mobil North Sea Limited assets including the Beryl field and related properties. All companies have at least $10 billion market cap and P/E ratios of lower than 15. The company has a 50-day moving average of $76.34 and a 200 day moving average of $83.16.

Long-term investors should really be looking at Exxon’s favorable dividend yield, which would take approximately another 18 to 24 months of continuously low oil prices to come under threat. The company reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.11. During the same period past year, the business earned $2.05 earnings per share.

Royal Dutch Shell plc (ADR) (NYSE:RDS.B) publicized the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2015 interim dividend, which was declared on July 30, 2015 at US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”). Stockholders of record on Thursday, August 13th were given a $0.73 dividend. Zacks has “Buy” rating and $95 price target. The Company is involved with the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products.

Exxon Mobil Corporation is an energy firm.

The persistent decline in crude oil prices has negatively affected the income statement of companies as most of the big oil companies were not able to post impressive earnings results in the second quarter of 2015.

Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. The Organization is running its operations and projects in the United States, Asia, Africa, Canada/South America, Australia and Europe /Oceania.