Exxon Mobil (NYSE:XOM) received a $83.00 price objective from stock analysts at JPMorgan Chase & Co. in a report released on Monday. The firm presently has a “neutral” rating on the oil and gas company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 4.32% from the stock’s current price.
XOM has been the topic of a number of other reports. Vetr lowered Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil in a report on Thursday, October 19th. Barclays reiterated an “overweight” rating and issued a $94.00 target price (up from $91.00) on shares of Exxon Mobil in a report on Friday, October 13th. Finally, BNP Paribas set a $70.00 target price on Exxon Mobil and gave the stock a “sell” rating in a report on Monday, September 25th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $86.18.
Shares of Exxon Mobil (XOM) traded down $0.07 during mid-day trading on Monday, hitting $86.75. The stock had a trading volume of 11,047,500 shares, compared to its average volume of 11,834,300. Exxon Mobil has a 12-month low of $76.05 and a 12-month high of $88.98. The firm has a market capitalization of $367,530.00, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total value of $781,927.23. Following the transaction, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the transaction, the vice president now directly owns 229,774 shares in the company, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Abner Herrman & Brock LLC raised its stake in shares of Exxon Mobil by 0.9% during the 4th quarter. Abner Herrman & Brock LLC now owns 81,632 shares of the oil and gas company’s stock valued at $6,828,000 after purchasing an additional 739 shares during the period. Fulton Bank N.A. raised its stake in shares of Exxon Mobil by 0.8% during the 4th quarter. Fulton Bank N.A. now owns 120,009 shares of the oil and gas company’s stock valued at $10,037,000 after purchasing an additional 969 shares during the period. Washington Trust Bank raised its stake in shares of Exxon Mobil by 3.1% during the 4th quarter. Washington Trust Bank now owns 57,768 shares of the oil and gas company’s stock valued at $4,832,000 after purchasing an additional 1,764 shares during the period. Beacon Financial Group raised its stake in shares of Exxon Mobil by 13.0% during the 4th quarter. Beacon Financial Group now owns 209,841 shares of the oil and gas company’s stock valued at $17,551,000 after purchasing an additional 24,119 shares during the period. Finally, Atlantic Trust Group LLC raised its stake in shares of Exxon Mobil by 9.3% during the 3rd quarter. Atlantic Trust Group LLC now owns 851,774 shares of the oil and gas company’s stock valued at $69,829,000 after purchasing an additional 72,127 shares during the period. 51.05% of the stock is currently owned by hedge funds and other institutional investors.
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About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
