Exxon Mobil (NYSE:XOM) has been assigned a $88.00 price target by research analysts at Wells Fargo & Co in a note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Wells Fargo & Co’s price objective would indicate a potential upside of 0.55% from the stock’s current price.
A number of other equities analysts also recently weighed in on XOM. BMO Capital Markets boosted their target price on Exxon Mobil to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday. BNP Paribas set a $70.00 target price on Exxon Mobil and gave the stock a “sell” rating in a research note on Monday, September 25th. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, January 8th. Vetr downgraded Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research note on Thursday, September 28th. Finally, Morgan Stanley set a $85.00 target price on Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $86.74.
Shares of Exxon Mobil (NYSE XOM) traded up $0.59 during midday trading on Thursday, hitting $87.52. The stock had a trading volume of 9,804,900 shares, compared to its average volume of 11,350,000. Exxon Mobil has a 12-month low of $76.05 and a 12-month high of $87.99. The stock has a market cap of $370,830.00, a P/E ratio of 28.51, a PEG ratio of 1.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.
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, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the previous year, the business earned $0.63 EPS. research analysts expect that Exxon Mobil will post 3.68 earnings per share for the current fiscal year.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the business’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 sale, the vice president now owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock worth $4,273,910 in the last ninety days. 0.08% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Exxon Mobil by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after purchasing an additional 10,366,636 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Exxon Mobil by 136,463.4% in the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after purchasing an additional 7,134,305 shares during the period. Stifel Financial Corp increased its holdings in shares of Exxon Mobil by 37,429.2% in the third quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after purchasing an additional 3,764,256 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Exxon Mobil by 8,029.5% in the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after purchasing an additional 3,695,728 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of Exxon Mobil by 22.6% in the third quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after purchasing an additional 2,546,570 shares during the period. 51.05% of the stock is currently owned by institutional investors and hedge funds.
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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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