TheStreet Reiterates Buy Rating for Exxon Mobil Corp. (XOM)
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Friday, American Banking News reports.
The analysts wrote, “Exxon Mobil Corporation (XOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
In other Exxon Mobil Corp. news, VP S Jack Balagia unloaded 7,662 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $88.75, for a total transaction of $680,002.50. Following the transaction, the vice president now directly owns 133,150 shares of the company’s stock, valued at approximately $11,817,063. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.45% during mid-day trading on Friday, hitting $86.68. 3,144,632 shares of the company’s stock traded hands. Exxon Mobil Corp. has a 52-week low of $84.70 and a 52-week high of $95.49. The stock’s 50-day moving average is $88.10 and its 200-day moving average is $90.04. The company has a market cap of $381.5 billion and a price-to-earnings ratio of 10.95.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.90 by $0.35. The company had revenue of $106.50 billion for the quarter, compared to the consensus estimate of $105.54 million. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis.
XOM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note to investors on Tuesday, August 27th. They now have a $91.00 price target on the stock. Separately, analysts at Oppenheimer cut their EPS estimates on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note to investors on Friday, August 2nd. They now have a $102.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $95.86.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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