Exxon Mobil Corp. (XOM) PT Set at $98.00 by RBC Capital Markets
Exxon Mobil Corp. (NYSE:XOM) has been given a $98.00 price target by stock analysts at RBC Capital Markets in a research report issued to clients and investors on Thursday. The brokerage currently has a a “buy” rating on the stock. RBC Capital Markets’ price target would indicate a potential upside of 12.48% from the stock’s current price.
A number of other brokerages also recently issued reports on XOM. HSBC set a $83.50 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. 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 report on Tuesday, July 5th. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective on the stock in a report on Tuesday, September 13th. Bank of America Corp. set a $100.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “hold” rating in a report on Monday. Finally, Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. Exxon Mobil Corp. currently has an average rating of “Hold” and an average price target of $87.92.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 1.16% during mid-day trading on Thursday, reaching $86.12. 4,906,191 shares of the company were exchanged. The stock has a market capitalization of $357.11 billion, a P/E ratio of 34.20 and a beta of 0.83. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55. The stock has a 50 day moving average price of $86.27 and a 200-day moving average price of $88.37.
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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 (EPS) for the quarter, missing analysts’ consensus estimates 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 earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s revenue was down 22.2% compared to the same quarter last year. Analysts predict that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction dated 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 owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.
A number of hedge funds have recently bought and sold shares of XOM. Lenox Wealth Advisors Inc. boosted its position in Exxon Mobil Corp. by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 2,708 shares of the company’s stock worth $254,000 after buying an additional 10 shares in the last quarter. Capital Asset Advisory Services LLC boosted its position in Exxon Mobil Corp. by 0.4% in the second quarter. Capital Asset Advisory Services LLC now owns 3,394 shares of the company’s stock valued at $318,000 after buying an additional 15 shares during the period. Elefante Mark B boosted its position in Exxon Mobil Corp. by 0.6% in the second quarter. Elefante Mark B now owns 2,727 shares of the company’s stock valued at $257,000 after buying an additional 15 shares during the period. Gibraltar Capital Management Inc. boosted its position in Exxon Mobil Corp. by 0.6% in the second quarter. Gibraltar Capital Management Inc. now owns 2,911 shares of the company’s stock valued at $273,000 after buying an additional 18 shares during the period. Finally, Round Table Services LLC boosted its position in Exxon Mobil Corp. by 0.4% in the second quarter. Round Table Services LLC now owns 4,674 shares of the company’s stock valued at $438,000 after buying an additional 19 shares during the period. 50.42% of the stock is 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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