BNP Paribas Analysts Give Exxon Mobil Corp. (XOM) a $80.00 Price Target
Exxon Mobil Corp. (NYSE:XOM) has been given a $80.00 price target by research analysts at BNP Paribas in a research note issued on Tuesday. The brokerage currently has a a “sell” rating on the stock. BNP Paribas’ price objective indicates a potential downside of 9.54% from the company’s current price.
Several other analysts have also recently commented on the stock. HSBC set a $91.00 target price on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research report on Tuesday. Barclays PLC reiterated an “equal weight” rating and set a $100.00 target price on shares of Exxon Mobil Corp. in a research report on Monday. Exane BNP Paribas began coverage on shares of Exxon Mobil Corp. in a research report on Monday. They set an “underperform” rating and a $80.00 target price for the company. Vetr cut shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 target price for the company. in a research report on Wednesday, September 28th. Finally, Wells Fargo & Co. reiterated a “buy” rating and set a $98.00 target price (down previously from $108.50) on shares of Exxon Mobil Corp. in a research report on Tuesday, September 20th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $87.39.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 88.44 on Tuesday. The firm has a market capitalization of $366.73 billion, a PE ratio of 35.12 and a beta of 0.83. The company has a 50-day moving average price of $86.29 and a 200 day moving average price of $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 issued its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.64 by $0.23. The business had revenue of $57.69 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. Analysts expect 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 firm’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 transaction of $1,218,270.15. Following the transaction, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. raised its stake 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 purchased a new stake in Exxon Mobil Corp. during the second quarter valued at about $125,000. NewSquare Capital LLC raised its stake in 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 in the last quarter. Cantab Capital Partners LLP purchased a new stake in Exxon Mobil Corp. during the second quarter valued at about $183,000. Finally, NCM Capital Management Group Inc. raised its stake in 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 in the last quarter. 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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