Exxon Mobil Corp. (XOM) PT Set at $91.00 by HSBC
Exxon Mobil Corp. (NYSE:XOM) has been assigned a $91.00 target price by stock analysts at HSBC in a report issued on Tuesday. The firm currently has a a “neutral” rating on the stock. HSBC’s price objective would indicate a potential upside of 2.89% from the company’s previous close.
Several other research firms have also issued reports on XOM. Zacks Investment Research upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, July 5th. Morgan Stanley set a $95.00 price objective on shares of Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Monday, June 13th. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a research note on Tuesday, September 13th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Finally, Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Exxon Mobil Corp. presently has a consensus rating of “Hold” and a consensus target price of $87.68.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 88.44 on Tuesday. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The firm has a 50-day moving average of $86.29 and a 200-day moving average of $88.38. The firm has a market cap of $366.73 billion, a PE ratio of 35.12 and a beta of 0.83.
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Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The firm 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 business posted $1.00 EPS. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, analysts expect 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.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. boosted its position 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 during the period. Tuttle Tactical Management LLC bought a new position in Exxon Mobil Corp. during the second quarter valued at $125,000. NewSquare Capital LLC boosted its position 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 during the period. Cantab Capital Partners LLP bought a new position in Exxon Mobil Corp. during the second quarter valued at $183,000. Finally, NCM Capital Management Group Inc. boosted its position 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 during the period. 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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