Goldman Sachs Group Analysts Give Exxon Mobil (XOM) a $89.00 Price Target
Exxon Mobil (NYSE:XOM) received a $89.00 price objective from equities research analysts at Goldman Sachs Group in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the oil and gas company’s stock. Goldman Sachs Group’s price objective points to a potential upside of 7.07% from the company’s current price.
Several other analysts also recently issued reports on XOM. Zacks Investment Research downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Thursday. J P Morgan Chase & Co set a $81.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.90 price target on the stock in a report on Wednesday. BNP Paribas set a $70.00 price target on Exxon Mobil and gave the stock a “sell” rating in a report on Monday, September 25th. Finally, Credit Suisse Group began coverage on Exxon Mobil in a report on Monday. They issued a “neutral” rating and a $83.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $86.32.
Shares of Exxon Mobil (NYSE XOM) traded up $0.36 during midday trading on Thursday, hitting $83.12. The company had a trading volume of 10,172,600 shares, compared to its average volume of 10,962,847. The company has a market cap of $350,684.06, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83. Exxon Mobil has a 1-year low of $76.05 and a 1-year high of $92.27. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter last year, the business posted $0.63 EPS. equities research analysts forecast that Exxon Mobil will post 3.65 earnings per share for the current year.
In other news, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders sold a total of 62,013 shares of company stock worth $5,084,352 in the last three months. Company insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Exxon Mobil by 136,463.4% during the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Exxon Mobil by 37,429.2% during the third quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock valued at $309,285,000 after buying an additional 3,764,256 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of Exxon Mobil by 8,029.5% during the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock valued at $46,349,000 after buying an additional 3,695,728 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Exxon Mobil by 22.6% during the third quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock valued at $1,132,860,000 after buying an additional 2,546,570 shares in the last quarter. 51.18% of the stock is currently owned by institutional investors.
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About Exxon Mobil
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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