Exxon Mobil Corp. (XOM) PT Set at $100.00 by Bank of America Corp.
Exxon Mobil Corp. (NYSE:XOM) received a $100.00 price objective from equities research analysts at Bank of America Corp. in a note issued to investors on Monday. The brokerage currently has a a “hold” rating on the stock. Bank of America Corp.’s target price suggests a potential upside of 13.07% from the company’s current price.
Several other analysts also recently weighed in on XOM. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. HSBC set a $88.50 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $95.77 target price for the company in a research note on Tuesday, July 26th. Barclays PLC set a $102.00 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Finally, Morgan Stanley set a $95.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Monday, June 13th. 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. Exxon Mobil Corp. currently has a consensus rating of “Hold” and a consensus price target of $87.54.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.95% on Monday, reaching $87.60. The company had a trading volume of 5,656,581 shares. The stock has a market cap of $363.25 billion, a price-to-earnings ratio of 34.79 and a beta of 0.83. The company has a 50-day moving average of $86.29 and a 200 day moving average of $88.38. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55.
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Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results 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. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter in the previous year, the company earned $1.00 EPS. Exxon Mobil Corp.’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.28 EPS for the current year.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 valued at $25,715,387,000 after buying an additional 6,897,006 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Exxon Mobil Corp. during the second quarter valued at about $441,823,000. Capital World Investors increased its stake in Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock valued at $1,426,817,000 after buying an additional 4,480,000 shares in the last quarter. Acadian Asset Management LLC increased its stake in Exxon Mobil Corp. by 4,948.6% in the second quarter. Acadian Asset Management LLC now owns 3,736,088 shares of the company’s stock valued at $350,220,000 after buying an additional 3,662,086 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock valued at $1,605,194,000 after buying an additional 3,229,704 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.
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