Exxon Mobil (NYSE:XOM) has been assigned a $90.00 target price by equities researchers at Morgan Stanley in a note issued to investors on Wednesday. The firm currently has a “sell” rating on the oil and gas company’s stock. Morgan Stanley’s target price points to a potential upside of 1.66% from the company’s current price.
XOM has been the subject of several other research reports. Vetr cut shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target for the company. in a report on Friday, October 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 14th. Finally, BMO Capital Markets upped their price target on shares of Exxon Mobil to $85.00 and gave the company a “market perform” rating in a report on Wednesday, January 10th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.06.
Exxon Mobil (NYSE XOM) traded up $0.23 during trading on Wednesday, hitting $88.53. 10,227,844 shares of the stock traded hands, compared to its average volume of 10,860,000. The firm has a market capitalization of $375,110.00, a PE ratio of 28.84, a PEG ratio of 1.26 and a beta of 0.82. Exxon Mobil has a 12 month low of $76.05 and a 12 month high of $88.92. 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 Exxon Mobil news, 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 transaction of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the vice president now directly owns 187,663 shares in the company, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock worth $4,273,910 over the last ninety days. Insiders own 0.08% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Management Advisors LLC raised its position in shares of Exxon Mobil by 0.3% in the second 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 during the period. C M Bidwell & Associates Ltd. raised its position in shares of Exxon Mobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 30 shares during the period. Lehman Financial Resources Inc. raised its position in shares of Exxon Mobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares during the period. Intellectus Partners LLC raised its position in shares of Exxon Mobil by 0.7% in the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 41 shares during the period. Finally, Bellwether Investment Group LLC raised its position in shares of Exxon Mobil by 1.3% in the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after purchasing an additional 44 shares during the period. 51.12% of the stock is currently owned by hedge funds and other institutional investors.
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.
