Exxon Mobil Corporation (XOM) Receives Underperform Rating from Morgan Stanley
Exxon Mobil Corporation (NYSE:XOM)‘s stock had its “underperform” rating reissued by stock analysts at Morgan Stanley in a note issued to investors on Thursday.
Several other equities research analysts have also recently weighed in on XOM. BNP Paribas set a $70.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Monday, September 25th. Vetr cut shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Thursday, September 28th. BMO Capital Markets set a $80.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank Of Canada set a $90.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, HSBC Holdings plc set a $81.50 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $85.32.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.45% during trading on Thursday, hitting $83.11. 9,574,086 shares of the stock were exchanged. The company has a market cap of $352.15 billion, a P/E ratio of 29.96 and a beta of 0.82. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.21. The firm’s 50-day moving average is $80.92 and its 200 day moving average is $80.79.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Corporation will post $3.49 earnings per share for the current fiscal year.
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In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation in the first quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. boosted its holdings in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the last quarter. CWH Capital Management Inc. bought a new stake in Exxon Mobil Corporation in the second quarter valued at approximately $114,000. Watermark Asset Management Inc. bought a new stake in Exxon Mobil Corporation in the first quarter valued at approximately $136,000. Finally, Acrospire Investment Management LLC boosted its holdings in Exxon Mobil Corporation by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds 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.
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