Exxon Mobil (NYSE:XOM) received a $92.00 price target from equities research analysts at Goldman Sachs Group in a research note issued on Monday, January 22nd. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Goldman Sachs Group’s price target would indicate a potential upside of 20.32% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Barclays set a $91.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Thursday, October 26th. Vetr downgraded shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $90.47 price objective on the stock. in a research report on Thursday, November 23rd. Finally, Howard Weil raised shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $87.42.
Exxon Mobil (XOM) opened at $76.46 on Monday. The company has a market cap of $323,970.00, a P/E ratio of 16.51, a PEG ratio of 1.03 and a beta of 0.82. Exxon Mobil has a fifty-two week low of $73.90 and a fifty-two week high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same quarter last year, the company earned $0.41 earnings per share. Exxon Mobil’s quarterly revenue was up 9.0% compared to the same quarter last year. research analysts anticipate that Exxon Mobil will post 4.85 earnings per share for the current year.
In other news, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the sale, the vice president now directly owns 291,385 shares in the company, valued at $24,199,524.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,357 shares of company stock valued at $4,273,910. Insiders own 0.08% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in XOM. CWH Capital Management Inc. purchased a new stake in Exxon Mobil during the second quarter worth approximately $114,000. Horan Securities Inc. grew its stake in 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 worth $122,000 after buying an additional 260 shares during the period. Litman Gregory Asset Management LLC purchased a new stake in Exxon Mobil during the third quarter worth approximately $131,000. Ford Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $137,000. Finally, Acrospire Investment Management LLC grew its stake in 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 worth $140,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 51.29% of the company’s stock.
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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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