Exxon Mobil Corp. Given “Buy” Rating at TheStreet (XOM)
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Tuesday, American Banking & Market 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.”
Exxon Mobil Corp. (NYSE:XOM) traded down 0.44% during mid-day trading on Tuesday, hitting $85.52. The stock had a trading volume of 4,503,273 shares. 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 $87.4 and its 200-day moving average is $89.91. The company has a market cap of $376.4 billion and a P/E ratio of 10.81.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results 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 last year, the company posted $1.80 earnings per share. Exxon Mobil Corp.’s revenue was down 16.4% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Exxon Mobil Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday. They now have a $98.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research note to investors on Tuesday, August 27th. They now have a $91.00 price target on the stock. Finally, analysts at Oppenheimer cut their EPS estimates on shares of Exxon Mobil Corp. in a research note on Monday. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target 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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