BNP Paribas Analysts Give Exxon Mobil Corp. (XOM) a $80.00 Price Target
Exxon Mobil Corp. (NYSE:XOM) has been given a $80.00 target price by investment analysts at BNP Paribas in a research note issued to investors on Tuesday. The firm currently has a a “sell” rating on the stock. BNP Paribas’ target price indicates a potential downside of 9.54% from the company’s previous close.
Other analysts also recently issued reports about the stock. Barclays PLC cut their price objective on shares of Exxon Mobil Corp. to $100.00 in a research report on Monday, August 1st. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $95.77 price objective on the stock in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $102.00 price objective on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a research report on Thursday, July 14th. Zacks Investment Research raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, July 5th. Finally, Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a research report on Monday, August 15th. Eight investment 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. Exxon Mobil Corp. currently has a consensus rating of “Hold” and an average price target of $87.39.
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. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The stock’s 50 day moving average is $86.29 and its 200-day moving average is $88.38.
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Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. During the same period last year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction 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 completion of the transaction, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of 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. State Street Corp raised its stake in shares of Exxon Mobil Corp. by 1.7% in the first quarter. State Street Corp now owns 186,787,601 shares of the company’s stock worth $15,613,576,000 after buying an additional 3,163,951 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of 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 raised its stake in shares of 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. Finally, Geode Capital Management LLC raised its stake in shares of Exxon Mobil Corp. by 2.6% in the first quarter. Geode Capital Management LLC now owns 35,360,347 shares of the company’s stock worth $2,950,065,000 after buying an additional 879,369 shares in the last quarter. 50.42% of the stock is owned by hedge funds and other institutional investors.
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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