Exxon Mobil Corp.’s (XOM) Equal Weight Rating Reaffirmed at Barclays PLC
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays PLC in a report issued on Monday. They presently have a $100.00 price target on the stock. Barclays PLC’s target price would indicate a potential upside of 13.07% from the company’s previous close.
Several other research firms also recently weighed in on XOM. HSBC set a $83.50 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Morgan Stanley set a $95.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a research report on Monday, June 13th. Zacks Investment Research upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Tuesday, July 5th. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 target price on the stock in a research report on Tuesday, September 13th. Finally, Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.39.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 1.96% during trading on Monday, hitting $88.44. The stock had a trading volume of 10,060,038 shares. The company has a market cap of $366.73 billion, a PE ratio of 35.12 and a beta of 0.83. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55. The stock has a 50 day moving average of $86.29 and a 200 day moving average of $88.38.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/exxon-mobil-corp-s-xom-equal-weight-rating-reaffirmed-at-barclays-plc.html
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The company had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. Exxon Mobil Corp.’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. Equities analysts forecast that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was 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 of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock worth $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors boosted its position in Exxon Mobil Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 62,193,667 shares of the company’s stock worth $5,830,034,000 after buying an additional 2,524,527 shares in the last quarter. BlackRock Group LTD boosted its position in Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock worth $3,263,159,000 after buying an additional 177,918 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock worth $2,036,082,000 after buying an additional 869,112 shares in the last quarter. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
About Exxon Mobil Corp.
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.
Receive News & Ratings for Exxon Mobil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corp. and related companies with MarketBeat.com's FREE daily email newsletter.