Exxon Mobil (XOM) Price Target Increased to $85.00 by Analysts at BMO Capital Markets
Exxon Mobil (NYSE:XOM) had its target price boosted by investment analysts at BMO Capital Markets to $85.00 in a report released on Wednesday. The brokerage presently has a “market perform” rating on the oil and gas company’s stock. BMO Capital Markets’ price objective points to a potential downside of 1.25% from the stock’s previous close.
XOM has been the topic of a number of other reports. Vetr cut Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a research report on Friday, October 6th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Morgan Stanley restated an “underperform” rating on shares of Exxon Mobil in a research report on Thursday, October 19th. Barclays restated an “overweight” rating and set a $94.00 price objective (up from $91.00) on shares of Exxon Mobil in a research report on Friday, October 13th. Finally, BNP Paribas set a $70.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research report on Monday, September 25th. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $86.38.
Exxon Mobil (XOM) opened at $86.08 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $364,730.00, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Exxon Mobil has a 1 year low of $76.05 and a 1 year high of $87.41.
In other news, insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the transaction, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last three months, insiders sold 51,357 shares of company stock worth $4,273,910. Insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Exxon Mobil by 3.5% in 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 during the period. Capital Research Global Investors increased its holdings in shares of Exxon Mobil by 7.0% in the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after acquiring an additional 2,058,060 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exxon Mobil by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after acquiring an additional 1,595,027 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Exxon Mobil by 1.6% in the third quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after acquiring an additional 360,596 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Exxon Mobil by 4.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 21,402,313 shares of the oil and gas company’s stock worth $1,754,562,000 after acquiring an additional 878,857 shares in the last quarter. 51.05% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Exxon Mobil (XOM) Price Target Increased to $85.00 by Analysts at BMO Capital Markets” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/10/bmo-capital-markets-reaffirms-hold-rating-for-exxon-mobil-xom.html.
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.
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.