Goldman Sachs Group set a $92.00 price objective on Exxon Mobil (NYSE:XOM) in a research report sent to investors on Monday morning. The brokerage currently has a neutral rating on the oil and gas company’s stock.
Several other research analysts have also recently issued reports on XOM. BNP Paribas set a $70.00 target price on Exxon Mobil and gave the stock a sell rating in a research report on Monday, September 25th. Vetr cut Exxon Mobil from a buy rating to a hold rating and set a $85.17 target price on the stock. in a research report on Thursday, September 28th. Barclays set a $91.00 target price on Exxon Mobil and gave the stock a buy rating in a research report on Tuesday, October 10th. Morgan Stanley set a $85.00 price objective on Exxon Mobil and gave the company a sell rating in a research report on Tuesday, October 17th. Finally, BMO Capital Markets set a $80.00 price objective on Exxon Mobil and gave the company a hold rating in a research report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of Hold and a consensus price target of $86.87.
Shares of Exxon Mobil (NYSE XOM) traded down $0.17 during trading hours on Monday, reaching $88.08. The company’s stock had a trading volume of 3,600,000 shares, compared to its average volume of 10,900,000. The stock has a market capitalization of $373,230.00, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.33 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 has a fifty-two week low of $76.05 and a fifty-two week high of $88.46.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same period last year, the firm posted $0.63 earnings per share. equities analysts forecast that Exxon Mobil will post 3.71 earnings per share for the current year.
In related news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value 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 have sold a total of 51,357 shares of company stock worth $4,273,910 in the last three months. 0.08% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of XOM. CWH Capital Management Inc. bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $114,000. Horan Securities Inc. increased its stake in Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 260 shares during the last quarter. Litman Gregory Asset Management LLC bought a new stake in Exxon Mobil in the 3rd quarter worth approximately $131,000. Acrospire Investment Management LLC increased its stake in Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 50 shares during the last quarter. 51.12% of the stock is currently owned by institutional investors.
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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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