BNP Paribas Exane Upgrades Exxon Mobil (NYSE:XOM) to Neutral

Exxon Mobil (NYSE:XOM) was upgraded by equities research analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a $114.00 price target on the oil and gas company’s stock. BNP Paribas Exane’s price target would suggest a potential downside of 3.47% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Melius Research assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Wells Fargo & Company started coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 1st. Finally, Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.89.

Exxon Mobil Price Performance

Shares of XOM opened at $118.10 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a 50 day moving average price of $115.18 and a 200-day moving average price of $111.94. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The stock has a market capitalization of $498.03 billion, a PE ratio of 17.16, a PEG ratio of 1.47 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Equities analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its position in Exxon Mobil by 0.6% during the 3rd quarter. IFP Advisors Inc now owns 159,341 shares of the oil and gas company’s stock worth $17,966,000 after purchasing an additional 891 shares during the period. Innova Wealth Partners lifted its holdings in shares of Exxon Mobil by 39.8% in the 3rd quarter. Innova Wealth Partners now owns 10,530 shares of the oil and gas company’s stock valued at $1,187,000 after buying an additional 2,996 shares during the period. Stillwater Wealth Management Group purchased a new stake in shares of Exxon Mobil in the third quarter worth about $2,870,000. Investment Research Partners LLC acquired a new stake in Exxon Mobil during the third quarter worth about $293,000. Finally, Cambria Investment Management L.P. raised its position in Exxon Mobil by 20.1% during the third quarter. Cambria Investment Management L.P. now owns 105,757 shares of the oil and gas company’s stock valued at $11,924,000 after acquiring an additional 17,699 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.