Exxon Mobil (XOM) Given a $92.00 Price Target by Societe Generale Analysts

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.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The company had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. Sell-side analysts forecast that Exxon Mobil will post 4.6 earnings per share for the current year.

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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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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