Exxon Mobil Corporation (NYSE:XOM) received a $85.00 target price from analysts at Morgan Stanley in a research note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the oil and gas company’s stock. Morgan Stanley’s price target would suggest a potential upside of 2.64% from the stock’s current price.

Several other research analysts also recently commented on the stock. Barclays PLC reissued an “overweight” rating and set a $94.00 price target (up from $91.00) on shares of Exxon Mobil Corporation in a research note on Friday. Vetr downgraded shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a research note on Friday, October 6th. Goldman Sachs Group, Inc. (The) set a $85.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. BNP Paribas set a $70.00 price target on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Monday, September 25th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation has an average rating of “Hold” and an average price target of $85.11.

Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.23% during trading on Tuesday, reaching $82.62. 2,761,202 shares of the company’s stock traded hands. The company’s 50-day moving average is $80.09 and its 200 day moving average is $80.75. The company has a market cap of $350.07 billion, a price-to-earnings ratio of 29.78 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Equities analysts forecast that Exxon Mobil Corporation will post $3.46 EPS for the current year.

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In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

A number of institutional investors have recently made changes to their positions in XOM. State Street Corp boosted its stake in Exxon Mobil Corporation by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after purchasing an additional 15,740,895 shares in the last quarter. Vanguard Group Inc. boosted its stake in Exxon Mobil Corporation by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Exxon Mobil Corporation by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after purchasing an additional 7,134,305 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Exxon Mobil Corporation by 8,029.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after purchasing an additional 3,695,728 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Exxon Mobil Corporation by 22.7% in the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after purchasing an additional 2,088,263 shares in the last quarter. Institutional investors own 50.73% 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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