Exxon Mobil Corp. (XOM) Receives New Coverage from Analysts at Exane BNP Paribas
Investment analysts at Exane BNP Paribas started coverage on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note issued on Monday. The brokerage set an “underperform” rating and a $80.00 price target on the stock. Exane BNP Paribas’ price objective points to a potential downside of 9.54% from the stock’s previous close.
Several other analysts have also weighed in on the stock. Vetr lowered shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price objective for the company. in a research note on Wednesday, September 28th. Wells Fargo & Co. reiterated a “buy” rating and issued a $98.00 price objective (down previously from $108.50) on shares of Exxon Mobil Corp. in a research note on Tuesday, September 20th. Collins Stewart reiterated a “hold” rating and issued a $83.50 price objective on shares of Exxon Mobil Corp. in a research note on Sunday, September 11th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, September 8th. Finally, Credit Suisse Group AG reiterated an “underperform” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, September 6th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. Exxon Mobil Corp. currently 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 mid-day trading on Monday, reaching $88.44. 10,059,788 shares of the company’s stock were exchanged. 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 52-week low of $71.55 and a 52-week high of $95.55. The company’s 50-day moving average price is $86.27 and its 200 day moving average price is $88.28.
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Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.23. The company earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business’s revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.28 EPS for the current year.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the transaction, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Perkins Coie Trust Co boosted its position in Exxon Mobil Corp. by 141.8% in the first quarter. Perkins Coie Trust Co now owns 6,576 shares of the company’s stock valued at $550,000 after buying an additional 3,856 shares during the period. Culbertson A N & Co. Inc. acquired a new position in shares of Exxon Mobil Corp. during the first quarter worth approximately $5,553,000. Capital Investment Advisors LLC boosted its position in shares of Exxon Mobil Corp. by 6.5% in the first quarter. Capital Investment Advisors LLC now owns 65,430 shares of the company’s stock worth $5,469,000 after buying an additional 3,992 shares during the last quarter. Jacobs & Co. CA boosted its position in shares of Exxon Mobil Corp. by 1.8% in the first quarter. Jacobs & Co. CA now owns 88,063 shares of the company’s stock worth $7,361,000 after buying an additional 1,593 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its position in shares of Exxon Mobil Corp. by 21.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 38,564 shares of the company’s stock worth $3,224,000 after buying an additional 6,900 shares during the last quarter. Institutional investors 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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