Exxon Mobil Corp. Stock Rating Reaffirmed by TheStreet (XOM)
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Tuesday, 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.”
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at S&P Equity Research downgraded shares of Exxon Mobil Corp. to a “hold” rating in a research note to investors on Friday, January 10th. Finally, 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, January 9th. They now have a $108.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $99.35.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.68% on Tuesday, hitting $98.4901. The stock had a trading volume of 3,314,173 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 P/E ratio of 12.95.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings data on Thursday, October 31st. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters 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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