Exxon Mobil (XOM) Given a $84.00 Price Target at Credit Suisse Group

Exxon Mobil (NYSE:XOM) received a $84.00 price objective from stock analysts at Credit Suisse Group in a research report issued on Tuesday. The firm currently has a “neutral” rating on the oil and gas company’s stock. Credit Suisse Group’s price target indicates a potential downside of 4.82% from the company’s previous close.

Several other research analysts also recently commented on the stock. Goldman Sachs Group set a $92.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday. Zacks Investment Research downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Sunday. Jefferies Group set a $90.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday. HSBC set a $80.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Thursday, January 18th. Finally, Vetr raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, January 16th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned 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 a consensus rating of “Hold” and a consensus target price of $86.87.

Shares of Exxon Mobil (NYSE:XOM) traded up $1.10 on Tuesday, hitting $88.25. 10,269,700 shares of the stock traded hands, compared to its average volume of 11,102,192. Exxon Mobil has a 1-year low of $76.05 and a 1-year high of $88.29. The stock has a market capitalization of $373,250.00, a P/E ratio of 28.75, a P/E/G ratio of 1.33 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 (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. sell-side analysts forecast that Exxon Mobil will post 3.71 EPS for the current year.

In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock valued at $4,273,910 over the last quarter. 0.08% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWH Capital Management Inc. purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $114,000. Horan Securities Inc. increased its holdings in shares of Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares in the last quarter. Litman Gregory Asset Management LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $131,000. Acrospire Investment Management LLC increased its holdings in shares of Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares in the last quarter. 51.12% of the stock is owned by 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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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