Exxon Mobil (NYSE:XOM) Earns Inline Rating from Analysts at Evercore ISI


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Investment analysts at Evercore ISI assumed coverage on shares of Exxon Mobil (NYSE:XOM) in a note issued to investors on Tuesday, Briefing.com reports. The brokerage set an “inline” rating and a $48.00 price target on the oil and gas company’s stock. Evercore ISI’s target price points to a potential downside of 11.60% from the company’s current price.

A number of other research analysts have also recently commented on XOM. BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 price target for the company in a research note on Monday, February 8th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $56.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 3rd. Truist Financial increased their price objective on Exxon Mobil from $39.00 to $45.00 in a report on Friday, December 18th. Zacks Investment Research downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a report on Monday, January 18th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on Exxon Mobil from $33.00 to $39.00 in a report on Wednesday, December 9th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus target price of $48.64.

NYSE XOM opened at $54.30 on Tuesday. The business has a fifty day moving average price of $48.12 and a two-hundred day moving average price of $40.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. Exxon Mobil has a fifty-two week low of $30.11 and a fifty-two week high of $57.80. The stock has a market capitalization of $229.59 billion, a PE ratio of 32.32 and a beta of 1.31.

Exxon Mobil (NYSE:XOM) last released its earnings results on Monday, February 1st. The oil and gas company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm had revenue of $46.54 billion during the quarter, compared to analysts’ expectations of $48.76 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The company’s quarterly revenue was down 30.7% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil will post -0.52 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $136,000. Fulcrum Equity Management purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $291,000. Retirement Group LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $3,991,000. Kozak & Associates Inc. purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $1,021,000. Finally, Round Rock Advisors LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $228,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

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 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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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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