Exxon Mobil Corporation (NYSE:XOM) was downgraded by equities research analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday. The analysts noted that the move was a valuation call.

XOM has been the subject of several other reports. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Exxon Mobil Corporation in a report on Monday, December 12th. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a report on Tuesday, September 13th. Bank of America Corporation set a $100.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Monday, October 10th. Barclays PLC reaffirmed an “equal weight” rating and set a $100.00 price objective on shares of Exxon Mobil Corporation in a report on Monday, October 10th. Finally, BNP Paribas set a $80.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, October 11th. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.25.

Analyst Recommendations for Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) opened at 85.93 on Wednesday. The firm has a market capitalization of $356.33 billion, a price-to-earnings ratio of 40.23 and a beta of 0.89. Exxon Mobil Corporation has a 12-month low of $71.55 and a 12-month high of $95.55. The stock has a 50 day moving average of $88.98 and a 200 day moving average of $88.18.

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Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company earned $58.68 billion during the quarter, compared to the consensus estimate of $61.34 billion. Exxon Mobil Corporation had a net margin of 3.98% and a return on equity of 5.04%. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. Equities research analysts anticipate that Exxon Mobil Corporation will post $2.19 earnings per share for the current year.

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In other news, VP Robert N. Schleckser sold 5,339 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $86.89, for a total value of $463,905.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Bryan W. Milton sold 10,952 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $87.42, for a total transaction of $957,423.84. Following the completion of the transaction, the vice president now directly owns 176,330 shares in the company, valued at approximately $15,414,768.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of XOM. Rockland Trust Co. raised its position in shares of Exxon Mobil Corporation by 5.4% in the third quarter. Rockland Trust Co. now owns 127,632 shares of the company’s stock valued at $11,140,000 after buying an additional 6,494 shares during the period. TIAA CREF Trust Co. FSB MO raised its position in shares of Exxon Mobil Corporation by 0.9% in the fourth quarter. TIAA CREF Trust Co. FSB MO now owns 522,664 shares of the company’s stock valued at $40,742,000 after buying an additional 4,730 shares during the period. Perigon Wealth Management raised its position in shares of Exxon Mobil Corporation by 29.5% in the third quarter. Perigon Wealth Management now owns 53,709 shares of the company’s stock valued at $3,993,000 after buying an additional 12,245 shares during the period. Northpointe Capital LLC raised its position in shares of Exxon Mobil Corporation by 4.5% in the third quarter. Northpointe Capital LLC now owns 131,432 shares of the company’s stock valued at $11,471,000 after buying an additional 5,689 shares during the period. Finally, BB&T Corp raised its position in shares of Exxon Mobil Corporation by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock valued at $89,332,000 after buying an additional 148,235 shares during the period. 49.95% of the stock is currently owned by institutional investors.

About Exxon Mobil Corporation

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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