Exxon Mobil Corporation (NYSE:XOM) received a $84.00 price objective from investment analysts at Wells Fargo & Company in a report released on Monday, October 30th. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Wells Fargo & Company’s price target would indicate a potential upside of 1.34% from the company’s previous close.
XOM has been the subject of several other research reports. Zacks Investment Research raised Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 target price for the company. in a report on Friday, October 6th. Barclays PLC reissued an “overweight” rating and issued a $94.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a research note on Friday, October 13th. Morgan Stanley reissued an “underperform” rating on shares of Exxon Mobil Corporation in a research note on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Monday, September 25th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation presently has an average rating of “Hold” and an average price target of $85.57.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down $0.05 on Monday, hitting $82.89. The company’s stock had a trading volume of 6,720,400 shares, compared to its average volume of 11,018,466. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The firm has a market cap of $348,460.00, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the business earned $0.63 EPS. analysts anticipate that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.
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In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Asset Management Advisors LLC raised its position in Exxon Mobil Corporation by 0.3% during the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after purchasing an additional 7 shares during the last quarter. Horizon Investment Services LLC grew its holdings in Exxon Mobil Corporation by 0.4% during the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 20 shares during the period. Jag Capital Management LLC grew its holdings in Exxon Mobil Corporation by 0.5% during the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after acquiring an additional 26 shares during the period. C M Bidwell & Associates Ltd. grew its holdings in Exxon Mobil Corporation by 1.3% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock worth $196,000 after acquiring an additional 30 shares during the period. Finally, Lehman Financial Resources Inc. grew its holdings in Exxon Mobil Corporation by 0.5% during the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock worth $579,000 after acquiring an additional 35 shares during the period. Institutional investors own 50.84% of the company’s stock.
About Exxon Mobil Corporation
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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