Exxon Mobil (XOM) Given a $80.00 Price Target at HSBC

Exxon Mobil (NYSE:XOM) received a $80.00 price target from investment analysts at HSBC in a research note issued on Thursday. The brokerage currently has a “sell” rating on the oil and gas company’s stock. HSBC’s target price would suggest a potential downside of 8.50% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Vetr upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Saturday, January 13th. Wells Fargo & Co set a $88.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, January 11th. BMO Capital Markets lifted their target price on shares of Exxon Mobil to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 8th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $86.52.

Shares of Exxon Mobil (NYSE:XOM) traded down $0.57 on Thursday, reaching $87.43. 9,223,379 shares of the company’s stock were exchanged, compared to its average volume of 10,990,000. The company has a market capitalization of $370,450.00, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82. 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 has a 1 year low of $76.05 and a 1 year high of $88.21.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. analysts expect that Exxon Mobil will post 3.66 earnings per share for the current fiscal year.

In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock valued at $4,273,910 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset Management Advisors LLC grew its holdings in shares of Exxon Mobil by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after buying an additional 7 shares during the period. Jag Capital Management LLC grew its holdings in shares of Exxon Mobil by 0.5% in the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after buying an additional 26 shares during the period. C M Bidwell & Associates Ltd. grew its holdings in shares of Exxon Mobil by 1.3% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after buying an additional 30 shares during the period. Lehman Financial Resources Inc. grew its holdings in shares of Exxon Mobil by 0.5% in the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 35 shares during the period. Finally, Intellectus Partners LLC grew its holdings in shares of Exxon Mobil by 0.7% in the 2nd quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 41 shares during the period. 51.06% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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