Exxon Mobil (NYSE:XOM) was upgraded by investment analysts at Howard Weil from an “outperform” rating to a “focus list” rating in a report released on Friday.
XOM has been the subject of a number of other research reports. TheStreet raised shares of Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Cowen reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research report on Tuesday, September 19th. Societe Generale set a $95.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Monday, September 18th. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $84.87 target price for the company in a research report on Wednesday, September 13th. Finally, Barclays set a $91.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $86.36.
Exxon Mobil (XOM) opened at $83.85 on Friday. Exxon Mobil has a fifty-two week low of $76.05 and a fifty-two week high of $91.34. The company has a market cap of $349,307.03, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the transaction, the vice president now directly owns 291,385 shares in the company, valued at approximately $24,199,524.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 in the last three months. Insiders own 0.08% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Exxon Mobil 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 acquiring an additional 10,366,636 shares during the last quarter. State Street Corp grew its holdings in Exxon Mobil by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. BlackRock Institutional Trust Company N.A. grew its holdings in Exxon Mobil by 1.3% during the 1st quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the oil and gas company’s stock valued at $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors grew its holdings in Exxon Mobil by 1.4% during the 1st quarter. BlackRock Fund Advisors now owns 59,669,140 shares of the oil and gas company’s stock valued at $4,987,743,000 after buying an additional 814,931 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Exxon Mobil by 1.2% during the 3rd quarter. Northern Trust Corp now owns 54,437,635 shares of the oil and gas company’s stock valued at $4,751,316,000 after buying an additional 649,145 shares in the last quarter. Hedge funds and other institutional investors own 51.05% of the company’s stock.
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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.
