Exxon Mobil Corp. (XOM) PT Set at $100.00 by Bank of America Corp.
Exxon Mobil Corp. (NYSE:XOM) received a $100.00 target price from equities researchers at Bank of America Corp. in a research report issued to clients and investors on Monday. The brokerage presently has a a “hold” rating on the stock. Bank of America Corp.’s price target points to a potential upside of 13.07% from the company’s previous close.
Other analysts also recently issued reports about the stock. Barclays PLC reduced their price target on shares of Exxon Mobil Corp. to $100.00 in a 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 for the company in a report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $102.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a 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 for the company in a report on Tuesday, July 5th. Finally, Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Monday, August 15th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Exxon Mobil Corp. presently has a consensus rating of “Hold” and a consensus price target of $87.54.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.85% during mid-day trading on Monday, hitting $87.69. 6,161,047 shares of the stock were exchanged. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The company’s 50-day moving average is $86.29 and its 200-day moving average is $88.38. The firm has a market cap of $363.62 billion, a price-to-earnings ratio of 34.83 and a beta of 0.83.
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Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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 earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same period last year, the company earned $1.00 earnings per share. Exxon Mobil Corp.’s revenue for the quarter was down 22.2% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Corp. will post $2.28 earnings per share 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 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 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 SEC, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. raised its position in shares of 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 worth $104,000 after buying an additional 691 shares during the last quarter. Tuttle Tactical Management LLC acquired a new stake in Exxon Mobil Corp. during the second quarter worth about $125,000. NewSquare Capital LLC increased 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 worth $150,000 after buying an additional 33 shares during the period. Cantab Capital Partners LLP acquired a new stake in Exxon Mobil Corp. during the second quarter worth about $183,000. Finally, NCM Capital Management Group Inc. increased 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 worth $185,000 after buying an additional 450 shares during the period. 50.42% of the stock is currently 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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