Exxon Mobil (NYSE:XOM) has been given a $92.00 price target by stock analysts at Societe Generale in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Societe Generale’s price target indicates a potential upside of 7.80% from the company’s current price.
XOM has been the topic of a number of other research reports. HSBC restated a “buy” rating and issued a $93.50 target price on shares of Exxon Mobil in a research note on Monday, July 16th. Credit Suisse Group restated a “neutral” rating and issued a $80.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 2nd. Macquarie restated a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a research note on Thursday, August 30th. Jefferies Financial Group set a $87.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, September 14th. Finally, UBS Group set a $85.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, July 20th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.04.
Shares of Exxon Mobil stock opened at $85.34 on Monday. The stock has a market capitalization of $360.27 billion, a PE ratio of 23.77, a P/E/G ratio of 1.48 and a beta of 0.86. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. Exxon Mobil has a 1 year low of $72.15 and a 1 year high of $89.30.
In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. HC Financial Advisors Inc. bought a new position in Exxon Mobil in the 4th quarter worth about $1,137,000. Capital Analysts LLC grew its position in Exxon Mobil by 6,691.2% in the 4th quarter. Capital Analysts LLC now owns 292,293 shares of the oil and gas company’s stock worth $29,530,000 after purchasing an additional 287,989 shares during the last quarter. Allen Capital Group LLC bought a new position in Exxon Mobil in the 4th quarter worth about $332,000. Eaton Vance Management grew its position in Exxon Mobil by 7.6% in the 4th quarter. Eaton Vance Management now owns 5,848,004 shares of the oil and gas company’s stock worth $489,127,000 after purchasing an additional 413,186 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its position in Exxon Mobil by 8.6% in the 4th quarter. Johnson Financial Group Inc. now owns 81,704 shares of the oil and gas company’s stock worth $6,833,000 after purchasing an additional 6,447 shares during the last quarter. 52.48% of the stock is owned by institutional investors and hedge funds.
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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