Exxon Mobil’s (XOM) Neutral Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a research note issued to investors on Wednesday. The brokerage currently has a $76.00 price target on the oil and gas company’s stock.

XOM has been the topic of several other research reports. HSBC reissued a buy rating and issued a $96.00 target price on shares of Exxon Mobil in a report on Wednesday, September 12th. Zacks Investment Research lowered Exxon Mobil from a hold rating to a strong sell rating in a report on Sunday, January 6th. Wolfe Research raised Exxon Mobil from a market perform rating to an outperform rating in a report on Monday, November 26th. Credit Suisse Group set a $79.00 target price on Exxon Mobil and gave the company a neutral rating in a report on Tuesday, December 25th. Finally, Raymond James reaffirmed a sell rating on shares of Exxon Mobil in a research note on Monday, November 26th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $85.33.

Exxon Mobil stock opened at $71.72 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $306.88 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.95 and a beta of 0.92. Exxon Mobil has a fifty-two week low of $64.65 and a fifty-two week high of $89.30.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The company had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. Exxon Mobil’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities analysts predict that Exxon Mobil will post 4.64 EPS for the current year.

In other Exxon Mobil news, insider John R. Verity sold 15,850 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $76.94, for a total value of $1,219,499.00. Following the sale, the insider now directly owns 146,350 shares of the company’s stock, valued at approximately $11,260,169. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the sale, the vice president now directly owns 223,461 shares in the company, valued at $16,276,899.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,587 shares of company stock worth $4,507,808. Corporate insiders own 0.08% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Legacy Capital Partners Inc. raised its holdings in shares of Exxon Mobil by 0.6% in the 4th quarter. Legacy Capital Partners Inc. now owns 44,725 shares of the oil and gas company’s stock worth $3,050,000 after purchasing an additional 275 shares during the period. Plimoth Trust Co. LLC raised its holdings in shares of Exxon Mobil by 0.8% in the 3rd quarter. Plimoth Trust Co. LLC now owns 56,329 shares of the oil and gas company’s stock worth $4,789,000 after purchasing an additional 430 shares during the period. First National Bank Sioux Falls raised its holdings in shares of Exxon Mobil by 5.5% in the 4th quarter. First National Bank Sioux Falls now owns 10,053 shares of the oil and gas company’s stock worth $686,000 after purchasing an additional 528 shares during the period. Bath Savings Trust Co raised its holdings in shares of Exxon Mobil by 0.3% in the 4th quarter. Bath Savings Trust Co now owns 200,188 shares of the oil and gas company’s stock worth $13,650,000 after purchasing an additional 539 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Exxon Mobil by 1.2% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,174 shares of the oil and gas company’s stock worth $3,353,000 after purchasing an additional 580 shares during the period. 53.18% of the stock is currently 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; produces transportation fuels, such as marine gasoil and diesel; 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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