Exxon Mobil Lowered to “Underweight” at Barclays (XOM)
Exxon Mobil (NYSE:XOM) was downgraded by equities research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Friday. They currently have a $105.00 price target on the stock, up from their previous price target of $100.00. Barclays’ price target points to a potential upside of 1.76% from the company’s current price.
XOM has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, July 17th. They now have a $111.00 price target on the stock, up previously from $105.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil in a research note on Thursday, June 5th. They now have a $105.00 price target on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and an average price target of $103.46.
Shares of Exxon Mobil (NYSE:XOM) opened at 103.18 on Friday. Exxon Mobil has a 52-week low of $84.79 and a 52-week high of $104.72. The stock has a 50-day moving average of $102. and a 200-day moving average of $98.71. The company has a market cap of $443.1 billion and a P/E ratio of 14.20. Exxon Mobil also was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 47,024,630 shares, a drop of 8.3% from the June 30th total of 51,262,892 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 8,077,358 shares, the short-interest ratio is currently 5.8 days.
Exxon Mobil (NYSE:XOM) last released its earnings data on Thursday, May 1st. The company reported $2.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.88 by $0.22. The company had revenue of $106.77 billion for the quarter, compared to the consensus estimate of $109.76 million. During the same quarter last year, the company posted $2.12 earnings per share. Exxon Mobil’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Exxon Mobil will post $7.88 earnings per share for the current fiscal year.
Exxon Mobil Corporation 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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