Exxon Mobil (NYSE:XOM)‘s stock had its “sell” rating reaffirmed by investment analysts at Macquarie in a note issued to investors on Friday. They currently have a $70.00 price target on the oil and gas company’s stock. Macquarie’s target price would suggest a potential downside of 14.60% from the company’s previous close.
XOM has been the subject of a number of other research reports. HSBC reaffirmed a “buy” rating and set a $93.50 price target on shares of Exxon Mobil in a research report on Monday, July 16th. Societe Generale set a $92.00 price target on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, August 6th. Credit Suisse Group reaffirmed a “neutral” rating and set a $80.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Jefferies Financial Group set a $87.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, September 14th. Finally, UBS Group set a $85.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, July 20th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus price target of $87.08.
XOM traded up $0.12 during midday trading on Friday, reaching $81.97. 11,672,631 shares of the company’s stock traded hands, compared to its average volume of 12,633,119. The firm has a market capitalization of $346.84 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.35 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil has a 52 week low of $72.15 and a 52 week high of $89.30.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The business had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. As a group, sell-side analysts expect that Exxon Mobil will post 4.57 EPS for the current fiscal year.
In other news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in XOM. Kwmg LLC bought a new position in Exxon Mobil during the 2nd quarter valued at approximately $102,000. CSat Investment Advisory L.P. bought a new position in Exxon Mobil during the 2nd quarter valued at approximately $108,000. Macroview Investment Management LLC bought a new position in Exxon Mobil during the 1st quarter valued at approximately $102,000. Corbyn Investment Management Inc. MD bought a new position in Exxon Mobil during the 1st quarter valued at approximately $110,000. Finally, KHP Capital LLC bought a new position in Exxon Mobil during the 1st quarter valued at approximately $111,000. 52.52% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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