Exxon Mobil Corp.’s “Buy” Rating Reaffirmed at TheStreet (XOM)
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “buy” rating reiterated by TheStreet in a research note issued on Monday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Exxon Mobil Corporation (XOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Exxon Mobil Corp. (NYSE:XOM) traded down 1.96% on Monday, hitting $98.55. The stock had a trading volume of 12,112,226 shares. Exxon Mobil Corp. has a one year low of $84.79 and a one year high of $101.74. The stock has a 50-day moving average of $97.52 and a 200-day moving average of $91.80. The company has a market cap of $430.5 billion and a P/E ratio of 13.13.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings data on Thursday, October 31st. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.02. The company had revenue of $112.40 billion for the quarter, compared to the consensus estimate of $107.40 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts predict that Exxon Mobil Corp. will post $7.44 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at S&P Equity Research downgraded shares of Exxon Mobil Corp. to a “hold” rating in a research note to investors on Friday. Separately, analysts at Citigroup Inc. downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $108.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Exxon Mobil Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $109.00 price target on the stock, up previously from $96.00. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $98.94.
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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