Exxon Mobil Corp. (XOM) Given a $98.00 Price Target by RBC Capital Markets Analysts
Exxon Mobil Corp. (NYSE:XOM) has been given a $98.00 price target by analysts at RBC Capital Markets in a research note issued to investors on Thursday. The firm presently has a a “buy” rating on the stock. RBC Capital Markets’ price target suggests a potential upside of 12.48% from the stock’s previous close.
XOM has been the subject of several other research reports. HSBC set a $91.00 price target on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research report on Tuesday. Exane BNP Paribas initiated coverage on shares of Exxon Mobil Corp. in a report on Monday. They issued an “underperform” rating and a $80.00 target price for the company. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 target price for the company in a report on Tuesday, September 13th. Bank of America Corp. set a $100.00 target price on shares of Exxon Mobil Corp. and gave the stock a “hold” rating in a report on Monday. Finally, Wells Fargo & Co. reissued a “buy” rating and issued a $98.00 target price (down from $108.50) on shares of Exxon Mobil Corp. in a report on Tuesday, September 20th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.92.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 1.35% during midday trading on Thursday, reaching $85.95. 3,934,920 shares of the company’s stock traded hands. The firm has a market capitalization of $356.40 billion, a PE ratio of 34.13 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 price is $86.27 and its 200 day moving average price is $88.37.
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Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results 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 business had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. During the same period 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 expect 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 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 transaction, the vice president now owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. Nicolet Bankshares Inc. increased its position in shares of Exxon Mobil Corp. by 6.0% in the first quarter. Nicolet Bankshares Inc. now owns 17,582 shares of the company’s stock worth $1,470,000 after buying an additional 1,000 shares during the last quarter. Macnealy Hoover Investment Management Inc. boosted its stake in Exxon Mobil Corp. by 0.4% in the first quarter. Macnealy Hoover Investment Management Inc. now owns 60,094 shares of the company’s stock worth $5,023,000 after buying an additional 226 shares during the period. Bridge Creek Capital Management LLC boosted its stake in Exxon Mobil Corp. by 0.9% in the first quarter. Bridge Creek Capital Management LLC now owns 87,010 shares of the company’s stock worth $7,273,000 after buying an additional 782 shares during the period. M. Kraus & Co boosted its stake in Exxon Mobil Corp. by 3.7% in the first quarter. M. Kraus & Co now owns 25,596 shares of the company’s stock worth $2,176,000 after buying an additional 921 shares during the period. Finally, Wagner Bowman Management Corp boosted its stake in Exxon Mobil Corp. by 0.5% in the first quarter. Wagner Bowman Management Corp now owns 44,361 shares of the company’s stock worth $3,708,000 after buying an additional 214 shares during the period. 50.42% of the stock is owned by 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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