Exxon Mobil (XOM) Rating Reiterated by Barclays

Exxon Mobil (NYSE:XOM)‘s stock had its “sell” rating reiterated by Barclays in a report issued on Tuesday. They presently have a $84.00 target price on the oil and gas company’s stock. Barclays’ target price would suggest a potential upside of 12.16% from the company’s previous close.

A number of other brokerages have also recently weighed in on XOM. Morgan Stanley set a $90.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Credit Suisse Group set a $84.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. HSBC set a $80.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Thursday, January 18th. Goldman Sachs Group set a $92.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Saturday, January 13th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $87.02.

Shares of Exxon Mobil (NYSE:XOM) traded down $0.86 during trading hours on Tuesday, reaching $74.89. 11,693,592 shares of the company were exchanged, compared to its average volume of 15,610,000. The firm has a market cap of $317,320.00, a PE ratio of 23.19, a P/E/G ratio of 1.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil has a 12-month low of $73.90 and a 12-month high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. analysts anticipate that Exxon Mobil will post 4.85 earnings per share for the current fiscal year.

In other news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the transaction, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, 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 valued at $4,273,910 in the last quarter. Insiders own 0.08% of the company’s stock.

A number of large investors have recently bought and sold shares of XOM. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil by 3.5% during the 2nd 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 last quarter. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock worth $4,642,701,000 after purchasing an additional 2,474,965 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Exxon Mobil by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 44,576,806 shares of the oil and gas company’s stock worth $3,720,584,000 after purchasing an additional 1,313,432 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Exxon Mobil by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after purchasing an additional 2,058,060 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Exxon Mobil by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after purchasing an additional 1,595,027 shares during the last quarter. Hedge funds and other institutional investors own 51.65% 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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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