Exxon Mobil Corporation (NYSE:XOM) had its target price dropped by equities researchers at Royal Bank Of Canada from $90.00 to $85.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “sector perform” rating on the oil and gas company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 5.51% from the stock’s current price.

A number of other equities analysts also recently issued reports on XOM. Citigroup Inc. reduced their price target on Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.47 price target on the stock in a research report on Monday, July 24th. Jefferies Group LLC set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, set a $81.50 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.57.

Shares of Exxon Mobil Corporation (XOM) traded down $0.65 during trading hours on Thursday, reaching $80.56. 10,444,686 shares of the company were exchanged, compared to its average volume of 11,001,819. The company has a market capitalization of $341,340.00, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the previous year, the firm posted $0.63 earnings per share. equities analysts anticipate that Exxon Mobil Corporation will post 3.62 earnings per share for the current fiscal year.

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In other news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Riggs Asset Managment Co. Inc. raised its position in shares of Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 292 shares during the last quarter. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the 2nd quarter worth about $114,000. Horan Securities Inc. raised its position in shares of Exxon Mobil Corporation by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares during the last quarter. Litman Gregory Asset Management LLC acquired a new position in shares of Exxon Mobil Corporation during the 3rd quarter worth about $131,000. Finally, Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter worth about $136,000. Hedge funds and other institutional investors own 50.84% 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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