Credit Suisse Group AG Reiterates $74.00 Price Target for Exxon Mobil Corp. (XOM)
Exxon Mobil Corp. (NYSE:XOM) has been given a $74.00 price target by Credit Suisse Group AG in a research note issued on Friday. The firm presently has a a “sell” rating on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 14.51% from the stock’s current price.
XOM has been the topic of a number of other research reports. Vetr downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price target on the stock. in a research note on Wednesday, September 28th. HSBC set a $86.00 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, June 28th. Societe Generale set a $105.00 price target on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price target on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 1st. Finally, Barclays PLC reiterated an “equal weight” rating and set a $102.00 price target on shares of Exxon Mobil Corp. in a research note on Thursday, July 28th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $87.77.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% during trading on Friday, reaching $86.76. 2,283,321 shares of the company’s stock traded hands. The company has a market capitalization of $359.76 billion, a price-to-earnings ratio of 34.46 and a beta of 0.83. The firm’s 50 day moving average is $86.23 and its 200-day moving average is $88.35. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.
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Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. Analysts expect that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the business’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 directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale 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 corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. V Wealth Management LLC purchased a new position in Exxon Mobil Corp. during the first quarter worth $2,354,000. McQueen Ball & Associates Inc. increased its position in Exxon Mobil Corp. by 3.2% in the first quarter. McQueen Ball & Associates Inc. now owns 23,118 shares of the company’s stock worth $1,932,000 after buying an additional 706 shares during the period. Woodley Farra Manion Portfolio Management Inc. increased its position in Exxon Mobil Corp. by 21.5% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 46,275 shares of the company’s stock worth $3,868,000 after buying an additional 8,186 shares during the period. Joel Isaacson & Co. LLC increased its position in Exxon Mobil Corp. by 4.4% in the first quarter. Joel Isaacson & Co. LLC now owns 44,684 shares of the company’s stock worth $3,735,000 after buying an additional 1,887 shares during the period. Finally, Nicolet Bankshares Inc. increased its position in 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 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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