Exxon Mobil (NYSE:XOM) had its price target dropped by equities research analysts at Credit Suisse Group from $84.00 to $80.00 in a research report issued to clients and investors on Monday. The firm currently has a “neutral” rating on the oil and gas company’s stock. Credit Suisse Group’s target price would suggest a potential downside of 3.14% from the stock’s previous close.
A number of other brokerages also recently issued reports on XOM. Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 16th. Vetr upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, January 16th. Jefferies Group set a $90.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, January 19th. BNP Paribas set a $75.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 8th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and an average target price of $87.94.
Shares of Exxon Mobil (NYSE XOM) traded down $1.94 during trading on Monday, reaching $82.59. 2,883,318 shares of the company’s stock were exchanged, compared to its average volume of 11,763,764. The firm has a market capitalization of $353,500.00, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.14 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil has a 12-month low of $76.05 and a 12-month high of $89.30.
In other news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction on Monday, December 11th. The shares were 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. Insiders sold a total of 51,357 shares of company stock valued at $4,273,910 in the last quarter. 0.08% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. CWH Capital Management Inc. purchased a new position in Exxon Mobil during the 2nd quarter worth $114,000. Litman Gregory Asset Management LLC purchased a new position in Exxon Mobil during the 3rd quarter worth $131,000. Acrospire Investment Management LLC boosted its holdings in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management purchased a new position in Exxon Mobil during the 3rd quarter worth $172,000. Institutional investors own 51.28% of the company’s stock.
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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.
