Barclays PLC Reiterates Equal Weight Rating for Exxon Mobil Corp. (XOM)
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays PLC in a research report issued to clients and investors on Monday. They presently have a $100.00 price objective on the stock. Barclays PLC’s price objective would indicate a potential upside of 13.07% from the company’s current price.
Several other equities research analysts have also issued reports on XOM. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. HSBC set a $88.50 price objective on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $95.77 price objective for the company in a report on Tuesday, July 26th. Exane BNP Paribas assumed coverage on shares of Exxon Mobil Corp. in a report on Monday. They issued an “underperform” rating and a $80.00 price objective for the company. Finally, Morgan Stanley set a $95.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “sell” rating in a report on Monday, June 13th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $87.39.
Exxon Mobil Corp. (NYSE:XOM) traded up 1.96% during midday trading on Monday, hitting $88.44. 10,060,038 shares of the stock traded hands. The company has a market capitalization of $366.73 billion, a price-to-earnings ratio of 35.12 and a beta of 0.83. The stock’s 50-day moving average price is $86.29 and its 200 day moving average price is $88.38. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55.
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Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.28 EPS for the current year.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the transaction, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. boosted its position in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares in the last quarter. Tuttle Tactical Management LLC acquired a new position in shares of Exxon Mobil Corp. during the second quarter valued at $125,000. NewSquare Capital LLC boosted its position in shares of Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the period. Cantab Capital Partners LLP acquired a new position in shares of Exxon Mobil Corp. during the second quarter valued at $183,000. Finally, NCM Capital Management Group Inc. boosted its position in shares of Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock valued at $185,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 50.42% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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