Exxon Mobil (NYSE:XOM) received a $84.00 target price from Credit Suisse Group in a research report issued on Tuesday. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Credit Suisse Group’s price target indicates a potential downside of 4.82% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a report on Thursday, November 16th. Vetr raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, January 16th. Jefferies Group set a $90.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Friday. BNP Paribas set a $75.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, January 8th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $86.87.
Shares of Exxon Mobil (NYSE:XOM) traded up $1.10 on Tuesday, hitting $88.25. 10,269,700 shares of the stock traded hands, compared to its average volume of 11,102,192. The firm has a market capitalization of $372,950.00, a PE ratio of 28.75, a PEG ratio of 1.33 and a beta of 0.82. Exxon Mobil has a 1-year low of $76.05 and a 1-year high of $88.29. 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 news, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction 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 transaction, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. 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 ninety days. Corporate insiders own 0.08% of the company’s stock.
A number of hedge funds have recently made changes to their positions in XOM. Asset Management Advisors LLC raised its position 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 purchasing an additional 7 shares in the last quarter. Lenox Wealth Advisors Inc. raised its position in shares of Exxon Mobil by 0.4% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 2,708 shares of the oil and gas company’s stock valued at $254,000 after acquiring an additional 10 shares in the last quarter. Alpha Windward LLC raised its position in shares of Exxon Mobil by 0.3% during the 3rd quarter. Alpha Windward LLC now owns 5,246 shares of the oil and gas company’s stock valued at $458,000 after acquiring an additional 14 shares in the last quarter. Capital Asset Advisory Services LLC raised its position in shares of Exxon Mobil by 0.4% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 3,394 shares of the oil and gas company’s stock valued at $318,000 after acquiring an additional 15 shares in the last quarter. Finally, Jag Capital Management LLC raised its position in shares of Exxon Mobil by 0.3% during the 3rd quarter. Jag Capital Management LLC now owns 4,785 shares of the oil and gas company’s stock valued at $418,000 after acquiring an additional 15 shares in the last quarter. 51.12% of the stock is owned by hedge funds and other institutional investors.
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.
