Exxon Mobil (NYSE:XOM) has been assigned a $87.00 price objective by equities research analysts at Jefferies Financial Group in a research note issued on Friday. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 6.14% from the company’s previous close.
Several other analysts have also recently weighed in on XOM. Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price objective on shares of Exxon Mobil in a research report on Wednesday, August 8th. Macquarie reaffirmed a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a research report on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 10th. Barclays lifted their price objective on Exxon Mobil from $84.00 to $87.00 and gave the company an “underweight” rating in a research report on Wednesday, July 11th. Finally, Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, August 6th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $87.08.
NYSE XOM opened at $81.97 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $346.84 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. Exxon Mobil has a 1 year low of $72.15 and a 1 year high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. As a group, analysts anticipate 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 business’s 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 sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Kwmg LLC purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $102,000. CSat Investment Advisory L.P. purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $108,000. Macroview Investment Management LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $102,000. Corbyn Investment Management Inc. MD purchased a new position in Exxon Mobil in the 1st quarter worth approximately $110,000. Finally, KHP Capital LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $111,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.
About Exxon Mobil
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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