Credit Suisse Group AG Analysts Give Exxon Mobil Corp. (XOM) a $74.00 Price Target
Exxon Mobil Corp. (NYSE:XOM) has been given a $74.00 price target by equities research analysts at Credit Suisse Group AG in a report released on Friday. The brokerage currently has a a “sell” rating on the stock. Credit Suisse Group AG’s price target suggests a potential downside of 14.51% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. RBC Capital Markets set a $98.00 price target on Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Thursday. HSBC set a $88.50 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. BNP Paribas set a $80.00 price target on Exxon Mobil Corp. and gave the stock a “sell” rating in a research note on Tuesday. Finally, Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price target for the company in a research note on Monday, June 27th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $87.77.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.90% on Friday, reaching $87.34. The company’s stock had a trading volume of 1,217,005 shares. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The firm has a market cap of $362.17 billion, a PE ratio of 34.69 and a beta of 0.83. The stock’s 50 day moving average price is $86.23 and its 200 day moving average price is $88.35.
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Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data 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. The business earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. Equities research analysts expect that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by 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. boosted 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 bought a new position in shares of Exxon Mobil Corp. during the second quarter worth about $125,000. NewSquare Capital LLC boosted its position in shares of 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 last quarter. Cantab Capital Partners LLP bought a new position in shares of Exxon Mobil Corp. during the second quarter worth about $183,000. Finally, NCM Capital Management Group Inc. boosted its position in shares of 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 last quarter. Institutional investors and hedge funds own 50.42% of the company’s stock.
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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