Exxon Mobil (NYSE:XOM)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday. They presently have a $93.00 price objective on the oil and gas company’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 11.43% from the stock’s current price.
A number of other analysts also recently weighed in on XOM. HSBC restated a “buy” rating and issued a $88.00 target price on shares of Exxon Mobil in a research report on Monday, May 14th. UBS Group restated a “neutral” rating and issued a $85.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 16th. Morningstar set a $85.00 target price on Exxon Mobil and gave the stock a “buy” rating in a research report on Friday, May 18th. BNP Paribas restated a “sell” rating and issued a $85.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 23rd. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $84.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 23rd. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $87.66.
NYSE:XOM traded up $0.60 during mid-day trading on Tuesday, reaching $83.46. The stock had a trading volume of 158,018 shares, compared to its average volume of 13,132,642. The company has a market capitalization of $346.75 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.38 and a beta of 0.86. Exxon Mobil has a one year low of $72.15 and a one year high of $89.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. sell-side analysts anticipate that Exxon Mobil will post 4.5 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. SP Asset Management purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $11,285,000. HRT Financial LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $664,000. Chicago Partners Investment Group LLC increased its stake in shares of Exxon Mobil by 15.0% during the second quarter. Chicago Partners Investment Group LLC now owns 26,062 shares of the oil and gas company’s stock valued at $2,156,000 after buying an additional 3,409 shares during the period. Truvestments Capital LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $1,494,000. Finally, WealthTrust Fairport LLC increased its stake in shares of Exxon Mobil by 2.0% during the second quarter. WealthTrust Fairport LLC now owns 102,705 shares of the oil and gas company’s stock valued at $8,497,000 after buying an additional 2,012 shares during the period. 52.60% of the stock is currently owned by hedge funds and other institutional investors.
About Exxon Mobil
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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