Mizuho Securities Reiterates Neutral Rating on ExxonMobil (XOM)
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Rating Summary:
15 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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Mizuho Securities analyst Paul Sankey reiterated a Neutral rating and $79.00 price target on ExxonMobil (NYSE: XOM) following the company's 8-K profit guidance. Guidance implies earnings are in line with a relatively weak Q2 2019.
Mizuho models the company's debt to increase again, by some $2bn, on around $7.5bn of cashflow vs $6bn of capex and $3.7bn of dividends; net debt to equity rising to 23%.Mizuho cut Q3 estimates from $1.04 to 65c; FY $2.86 (was $3.27).
For an analyst ratings summary and ratings history on ExxonMobil click here. For more ratings news on ExxonMobil click here.
Shares of ExxonMobil closed at $68.00 yesterday.
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