Exxon Mobil (NYSE:XOM) has been given a $85.00 price target by Jefferies Group in a note issued to investors on Wednesday, December 20th. The firm presently has a “neutral” rating on the oil and gas company’s stock. Jefferies Group’s price target suggests a potential downside of 2.88% from the stock’s current price.
A number of other brokerages also recently issued reports on XOM. downgraded shares of Exxon Mobil from a “hold” rating to a “reduce” rating and cut their price objective for the company from $83.60 to $77.00 in a research report on Tuesday, November 7th. Goldman Sachs Group set a $86.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, November 7th. Wells Fargo & Co set a $84.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, October 30th. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Finally, UBS Group set a $83.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, December 4th. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $86.54.
Exxon Mobil (XOM) opened at $87.52 on Wednesday. The stock has a market cap of $370,830.00, a P/E ratio of 28.51, a PEG ratio of 1.42 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 1-year low of $76.05 and a 1-year high of $87.99.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. sell-side analysts predict that Exxon Mobil will post 3.66 EPS for the current fiscal year.
In other news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the sale, the vice president now owns 291,385 shares in the company, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,357 shares of company stock valued at $4,273,910. Corporate insiders own 0.08% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in XOM. Vanguard Group Inc. lifted its holdings in Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Exxon Mobil by 136,463.4% during the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after purchasing an additional 7,134,305 shares in the last quarter. Stifel Financial Corp lifted its holdings in Exxon Mobil by 37,429.2% during the third quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock valued at $309,285,000 after purchasing an additional 3,764,256 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Exxon Mobil by 8,029.5% during the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock valued at $46,349,000 after purchasing an additional 3,695,728 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Exxon Mobil by 22.6% during the third quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock valued at $1,132,860,000 after purchasing an additional 2,546,570 shares in the last quarter. Institutional investors own 51.05% of the company’s stock.
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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.
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