Exxon Mobil (NYSE:XOM) Upgraded by Vetr to Buy

Exxon Mobil (NYSE:XOM) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday, February 5th. The brokerage currently has a $87.50 target price on the oil and gas company’s stock. Vetr‘s price target would suggest a potential upside of 15.06% from the company’s previous close.

A number of other equities research analysts have also issued reports on XOM. Piper Jaffray Companies reissued a “hold” rating and issued a $83.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Morgan Stanley set a $85.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group reaffirmed a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Goldman Sachs Group reissued a “neutral” rating and issued a $96.00 price objective on shares of Exxon Mobil in a research note on Thursday, February 1st. Finally, Wells Fargo & Co set a $84.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, October 30th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $87.42.

Exxon Mobil (NYSE XOM) traded down $0.41 during trading hours on Monday, reaching $76.05. 2,461,606 shares of the company’s stock were exchanged, compared to its average volume of 14,826,989. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a market capitalization of $323,291.19, a PE ratio of 16.43, a PEG ratio of 1.03 and a beta of 0.82. Exxon Mobil has a 52 week low of $73.90 and a 52 week high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. Exxon Mobil’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. equities research analysts predict that Exxon Mobil will post 4.85 earnings per share for the current year.

In other news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the transaction, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Large investors have recently modified their holdings of the company. Asset Management Advisors LLC boosted its holdings in Exxon Mobil by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after acquiring an additional 7 shares during the period. C M Bidwell & Associates Ltd. boosted its holdings in Exxon Mobil by 1.3% in 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. Lehman Financial Resources Inc. boosted its holdings in Exxon Mobil by 0.5% in 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. Intellectus Partners LLC boosted its holdings in Exxon Mobil by 0.7% in the 2nd quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock worth $497,000 after acquiring an additional 41 shares during the period. Finally, Bellwether Investment Group LLC boosted its holdings in Exxon Mobil by 1.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock worth $271,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 51.29% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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