Exxon Mobil (NYSE:XOM) had its price objective lowered by investment analysts at Morgan Stanley from $86.00 to $85.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the oil and gas company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 10.85% from the company’s previous close.
Several other analysts also recently issued reports on the stock. HSBC downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $75.60 price target on the stock. in a report on Monday. Goldman Sachs Group reaffirmed a “hold” rating and issued a $80.00 price target on shares of Exxon Mobil in a report on Monday, April 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a research note on Friday, April 26th. Royal Bank of Canada reissued a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 25th. Finally, Berenberg Bank reissued a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.29.
Shares of NYSE XOM traded up $0.31 on Thursday, hitting $76.68. The company’s stock had a trading volume of 118,114 shares, compared to its average volume of 12,278,050. Exxon Mobil has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a market capitalization of $319.46 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The business had revenue of $63.63 billion during the quarter, compared to analysts’ expectations of $67.35 billion. During the same period last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts forecast that Exxon Mobil will post 3.98 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of XOM. Allied Investment Advisors LLC boosted its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Allied Investment Advisors LLC now owns 49,767 shares of the oil and gas company’s stock valued at $4,231,000 after acquiring an additional 857 shares during the period. Harwood Advisory Group LLC boosted its holdings in Exxon Mobil by 12.8% during the 3rd quarter. Harwood Advisory Group LLC now owns 9,303 shares of the oil and gas company’s stock valued at $792,000 after acquiring an additional 1,054 shares during the period. Orrstown Financial Services Inc. boosted its holdings in Exxon Mobil by 4.5% during the 3rd quarter. Orrstown Financial Services Inc. now owns 19,961 shares of the oil and gas company’s stock valued at $1,697,000 after acquiring an additional 856 shares during the period. Spinnaker Trust boosted its holdings in Exxon Mobil by 7.8% during the 3rd quarter. Spinnaker Trust now owns 82,267 shares of the oil and gas company’s stock valued at $6,994,000 after acquiring an additional 5,924 shares during the period. Finally, Weatherstone Capital Management boosted its holdings in Exxon Mobil by 9.9% during the 3rd quarter. Weatherstone Capital Management now owns 7,112 shares of the oil and gas company’s stock valued at $605,000 after acquiring an additional 643 shares during the period. 54.62% of the stock is owned by hedge funds and other institutional investors.
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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