Exxon Mobil Corporation (NYSE:XOM) has been assigned a $80.00 price objective by J P Morgan Chase & Co in a research report issued on Friday. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. J P Morgan Chase & Co’s target price points to a potential upside of 4.90% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Bank of America Corporation upgraded shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Wolfe Research downgraded shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $83.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, May 30th. Zacks Investment Research downgraded shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. Finally, BMO Capital Markets upped their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 21st. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.94.

Exxon Mobil Corporation (NYSE XOM) traded up 0.58% during trading on Friday, reaching $76.70. 5,429,336 shares of the company’s stock traded hands. The company has a market capitalization of $324.99 billion, a price-to-earnings ratio of 27.65 and a beta of 0.81. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The firm’s 50 day moving average is $80.06 and its 200-day moving average is $81.53.

Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.

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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of XOM. Seven Eight Capital LP purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at $686,000. Kovitz Investment Group Partners LLC boosted its position in Exxon Mobil Corporation by 1.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 33,312 shares of the oil and gas company’s stock valued at $3,007,000 after buying an additional 452 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at $72,935,000. GLG LLC boosted its position in Exxon Mobil Corporation by 54.2% in the fourth quarter. GLG LLC now owns 243,995 shares of the oil and gas company’s stock valued at $22,023,000 after buying an additional 85,742 shares during the last quarter. Finally, STA Wealth Management LLC boosted its position in Exxon Mobil Corporation by 11.5% in the fourth quarter. STA Wealth Management LLC now owns 48,320 shares of the oil and gas company’s stock valued at $4,361,000 after buying an additional 4,976 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.

Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Analyst Recommendations for Exxon Mobil Corporation (NYSE:XOM)

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