Jefferies Group Reiterates “$90.00” Price Target for Exxon Mobil (XOM)

Exxon Mobil (NYSE:XOM) has been given a $90.00 price objective by investment analysts at Jefferies Group in a note issued to investors on Friday. The firm currently has a “neutral” rating on the oil and gas company’s stock. Jefferies Group’s price objective points to a potential upside of 2.94% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. HSBC set a $80.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a report on Thursday. BMO Capital Markets set a $80.00 price objective on shares of Exxon Mobil and gave the company a “hold” rating in a report on Wednesday, October 18th. Goldman Sachs Group set a $85.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, October 3rd. JPMorgan Chase & Co. set a $81.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 14th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $86.71.

Exxon Mobil (XOM) traded down $0.57 during midday trading on Friday, reaching $87.43. 9,223,600 shares of the company’s stock traded hands, compared to its average volume of 11,005,917. Exxon Mobil has a 1 year low of $76.05 and a 1 year high of $88.21. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market cap of $368,710.00, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The firm had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. equities research analysts anticipate that Exxon Mobil will post 3.68 earnings per share for the current year.

In other Exxon Mobil news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the sale, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 buying an additional 10,366,636 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Exxon Mobil by 7.0% during the 2nd 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 purchasing an additional 2,058,060 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Exxon Mobil by 6.1% during the 3rd 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 purchasing an additional 1,595,027 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Exxon Mobil by 1.6% during the 3rd 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 purchasing an additional 360,596 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Exxon Mobil by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,716,523 shares of the oil and gas company’s stock worth $1,899,993,000 after purchasing an additional 1,314,210 shares during the last quarter. Institutional investors own 51.06% of the company’s stock.

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Exxon Mobil 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 (NYSE:XOM)

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