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Exxon Mobil Corp. (NYSE:XOM) was downgraded by investment analysts at Merrill Lynch to a “neutral” rating in a note issued to investors on Tuesday, Analyst Ratings Network reports.

A number of other analysts have also recently weighed in on XOM. Analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research note to investors on Tuesday. Separately, analysts at Bank of America Corp. downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $106.00 price target on the stock, down previously from $110.00. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. Exxon Mobil Corp. currently has a consensus rating of “Hold” and a consensus target price of $99.35.

Exxon Mobil Corp. (NYSE:XOM) traded down 0.67% during mid-day trading on Tuesday, hitting $98.50. The stock had a trading volume of 13,836,333 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 $97.9 and a 200-day moving average of $92.03. The company has a market cap of $430.3 billion and a price-to-earnings ratio of 12.95.

Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results on Thursday, October 31st. The company reported $1.79 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.09 earnings per share. Exxon Mobil Corp.’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Exxon Mobil Corp. will post $7.43 EPS for the current fiscal year.

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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