Exxon Mobil (NYSE:XOM)‘s stock had its “sell” rating reaffirmed by analysts at Barclays in a report released on Tuesday, February 20th. They currently have a $84.00 price target on the oil and gas company’s stock. Barclays’ price objective suggests a potential upside of 14.13% from the stock’s previous close.
XOM has been the subject of a number of other research reports. HSBC reaffirmed a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a report on Thursday, February 15th. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 price target for the company in a research report on Monday, February 5th. Jefferies Group reiterated a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Credit Suisse Group lowered their price objective on Exxon Mobil from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $83.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.05.
Exxon Mobil (XOM) traded down $0.93 on Tuesday, hitting $73.60. The stock had a trading volume of 14,816,943 shares, compared to its average volume of 18,250,000. Exxon Mobil has a 52-week low of $73.53 and a 52-week high of $89.30. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The company has a market cap of $311,880.00, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The business had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. research analysts forecast that Exxon Mobil will post 4.82 earnings per share for the current fiscal year.
In related news, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in XOM. Shell Asset Management Co. raised its stake in shares of Exxon Mobil by 31.9% in the 3rd quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after purchasing an additional 257,727 shares in the last quarter. Compass Capital Management Inc. raised its stake in Exxon Mobil by 1.5% during the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock worth $1,071,000 after acquiring an additional 199 shares during the period. Toronto Dominion Bank raised its stake in Exxon Mobil by 5.5% during the third quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock worth $148,994,000 after acquiring an additional 95,071 shares during the period. Mizuho Securities USA LLC acquired a new stake in Exxon Mobil during the third quarter worth about $1,255,000. Finally, Rockefeller Financial Services Inc. raised its stake in Exxon Mobil by 15.5% during the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock worth $76,511,000 after acquiring an additional 125,501 shares during the period. 53.18% of the stock is owned by hedge funds and other institutional investors.
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Exxon Mobil Company Profile
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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