Exxon Mobil (NYSE:XOM) received a $90.00 price objective from stock analysts at Jefferies Group in a research report issued on Friday, January 19th. The firm presently has a “neutral” rating on the oil and gas company’s stock. Jefferies Group’s target price would indicate a potential upside of 17.71% from the company’s current price. Jefferies Group also issued estimates for Exxon Mobil’s FY2017 earnings at $3.76 EPS, FY2018 earnings at $4.70 EPS, FY2019 earnings at $4.48 EPS and FY2020 earnings at $5.07 EPS.
Other equities analysts have also recently issued research reports about the stock. TheStreet upgraded shares of 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 shares of Exxon Mobil and gave the company a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of 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 shares of 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 shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $87.42.
Shares of Exxon Mobil (NYSE:XOM) traded up $0.16 during midday trading on Friday, hitting $76.46. 16,741,063 shares of the company traded hands, compared to its average volume of 15,230,000. Exxon Mobil has a one year low of $73.90 and a one year high of $89.30. 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 stock has a market capitalization of $323,970.00, a PE ratio of 16.51, a P/E/G ratio of 1.03 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The company had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. Exxon Mobil’s quarterly revenue was up 9.0% compared to the same quarter last year. equities analysts anticipate that Exxon Mobil will post 4.85 EPS for the current year.
In related news, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the transaction, the insider now owns 220,000 shares in the company, valued at $18,341,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,357 shares of company stock worth $4,273,910. Insiders own 0.08% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. raised its position in Exxon Mobil by 31.9% during the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after acquiring an additional 257,727 shares during the period. Baldwin Brothers Inc. MA lifted its position in shares of Exxon Mobil by 14.4% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock worth $8,472,000 after acquiring an additional 13,206 shares during the period. Compass Capital Management Inc. lifted its position in shares of Exxon Mobil by 1.5% in the 2nd quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock worth $1,071,000 after acquiring an additional 199 shares during the period. Perkins Coie Trust Co lifted its position in shares of Exxon Mobil by 47.6% in the 2nd quarter. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company’s stock worth $790,000 after acquiring an additional 3,154 shares during the period. Finally, Mizuho Securities USA LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $1,255,000. Institutional investors 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.
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