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Exxon Mobil’s (XOM) Sell Rating Reiterated at Barclays

Exxon Mobil (NYSE:XOM)‘s stock had its “sell” rating reiterated by research analysts at Barclays in a research report issued on Tuesday. They presently have a $87.00 target price on the oil and gas company’s stock. Barclays’ price target would suggest a potential upside of 4.24% from the stock’s current price.

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XOM has been the topic of a number of other research reports. HSBC restated a “buy” rating and issued a $93.50 target price on shares of Exxon Mobil in a research report on Monday, July 16th. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, August 6th. Macquarie restated a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a research report on Thursday, August 30th. Credit Suisse Group set a $80.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, September 6th. Finally, UBS Group set a $85.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, July 20th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.66.

Exxon Mobil stock traded up $0.60 during trading on Tuesday, reaching $83.46. 158,018 shares of the company were exchanged, compared to its average volume of 13,132,642. Exxon Mobil has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a market cap of $346.75 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. analysts predict that Exxon Mobil will post 4.5 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. SP Asset Management acquired a new position in Exxon Mobil during the 2nd quarter worth $11,285,000. HRT Financial LLC acquired a new position in Exxon Mobil during the 2nd quarter worth $664,000. Chicago Partners Investment Group LLC grew its stake in Exxon Mobil by 15.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 26,062 shares of the oil and gas company’s stock worth $2,156,000 after purchasing an additional 3,409 shares in the last quarter. Truvestments Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter worth $1,494,000. Finally, WealthTrust Fairport LLC grew its stake in Exxon Mobil by 2.0% during the 2nd quarter. WealthTrust Fairport LLC now owns 102,705 shares of the oil and gas company’s stock worth $8,497,000 after purchasing an additional 2,012 shares in the last quarter. 52.60% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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