Exxon Mobil (NYSE:XOM) received a $92.00 price objective from research analysts at Goldman Sachs Group in a research report issued on Monday. The firm currently has a “neutral” rating on the oil and gas company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 5.57% from the stock’s previous close.
Several other brokerages also recently commented on XOM. Royal Bank of Canada cut their price objective on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 16th. Vetr raised Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research report on Tuesday, January 16th. Jefferies Group set a $90.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 8th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued 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 $86.83.
Exxon Mobil (XOM) traded down $0.28 during midday trading on Monday, hitting $87.15. The stock had a trading volume of 13,089,700 shares, compared to its average volume of 11,166,208. The company has a market cap of $371,000.00, a P/E ratio of 28.39, a P/E/G ratio of 1.33 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 52-week low of $76.05 and a 52-week high of $88.21.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The firm 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 in the previous year, the company posted $0.63 EPS. research analysts expect that Exxon Mobil will post 3.71 EPS for the current fiscal year.
In related news, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,645,464.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction 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 sale, the vice president now owns 187,663 shares of the company’s stock, valued at $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 over the last quarter. Company insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of XOM. Shell Asset Management Co. raised its stake in Exxon Mobil by 31.9% in the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after buying an additional 257,727 shares during the last quarter. Baldwin Brothers Inc. MA raised its stake in Exxon Mobil by 14.4% in the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock valued at $8,472,000 after buying an additional 13,206 shares during the last quarter. Compass Capital Management Inc. raised its stake in Exxon Mobil by 1.5% in the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock valued at $1,071,000 after buying an additional 199 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in Exxon Mobil in the third quarter valued at about $1,255,000. Finally, Rockefeller Financial Services Inc. raised its stake in Exxon Mobil by 15.5% in the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock valued at $76,511,000 after buying an additional 125,501 shares during the last quarter. Hedge funds and other institutional investors own 51.12% 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.