Exxon Mobil (NYSE:XOM)‘s stock had its “sell” rating reaffirmed by stock analysts at Raymond James in a research report issued on Sunday.
XOM has been the topic of several other reports. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, August 22nd. HSBC restated a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 12th. Wolfe Research upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. Credit Suisse Group set a $80.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, September 6th. Finally, Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Monday, October 1st. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $86.82.
XOM traded up $0.44 during trading on Friday, hitting $79.50. The company’s stock had a trading volume of 14,039,059 shares, compared to its average volume of 12,944,130. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. Exxon Mobil has a one year low of $72.15 and a one year high of $89.30. The company has a market capitalization of $336.88 billion, a PE ratio of 22.14, a PEG ratio of 2.26 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The firm had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The company’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Equities analysts forecast that Exxon Mobil will post 4.71 earnings per share for the current fiscal year.
In related news, insider James M. Spellings, Jr. sold 9,522 shares of Exxon Mobil stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.41, for a total transaction of $746,620.02. Following the completion of the transaction, the insider now directly owns 249,122 shares of the company’s stock, valued at approximately $19,533,656.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert N. Schleckser sold 7,855 shares of Exxon Mobil stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $78.91, for a total transaction of $619,838.05. Following the transaction, the vice president now directly owns 207,940 shares of the company’s stock, valued at $16,408,545.40. The disclosure for this sale can be found here. Insiders sold a total of 32,377 shares of company stock valued at $2,626,758 over the last three months. Corporate insiders own 0.08% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Kwmg LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $102,000. WESPAC Advisors SoCal LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $110,000. Clearwater Capital Advisors LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $122,000. Camarda Financial Advisors LLC raised its stake in shares of Exxon Mobil by 175.2% during the 3rd quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of Exxon Mobil by 112.7% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 1,000 shares in the last quarter. 52.39% of the stock is 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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