HSBC set a $80.00 target price on Exxon Mobil (NYSE:XOM) in a report released on Thursday morning. The firm currently has a sell rating on the oil and gas company’s stock.
Other research analysts have also recently issued research reports about the company. TheStreet upgraded Exxon Mobil from a c rating to a b- rating in a research report on Friday, October 27th. Barclays set a $91.00 price target on Exxon Mobil and gave the stock a buy rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Exxon Mobil from a hold rating to a buy rating and set a $93.00 price target on the stock in a research report on Thursday, October 26th. Vetr cut Exxon Mobil from a strong-buy rating to a buy rating and set a $90.47 price target on the stock. in a research report on Thursday, November 23rd. Finally, Howard Weil upgraded Exxon Mobil from an outperform rating to a focus list rating in a research report on Friday, December 22nd. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $86.71.
Exxon Mobil (NYSE:XOM) opened at $87.15 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $369,260.00, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.82. Exxon Mobil has a 12-month low of $76.05 and a 12-month high of $88.21.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $63.51 billion. During the same quarter last year, the business earned $0.63 EPS. sell-side analysts forecast that Exxon Mobil will post 3.71 earnings per share for the current fiscal year.
In related news, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James M. Spellings, Jr. sold 9,379 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the sale, the insider now directly owns 220,000 shares in the company, valued at $18,341,400. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 over the last ninety days. 0.08% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in XOM. CWH Capital Management Inc. acquired a new stake in shares of Exxon Mobil during the second quarter valued at about $114,000. Horan Securities Inc. boosted its stake in shares of Exxon Mobil by 20.8% during the second 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 acquired a new stake in shares of Exxon Mobil during the third quarter valued at about $131,000. Acrospire Investment Management LLC boosted its stake in shares of Exxon Mobil by 172.7% during the second 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. boosted its stake in shares of Exxon Mobil by 2.7% during the second 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. 51.06% of the stock is currently owned by institutional investors and hedge funds.
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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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