Exxon Mobil (NYSE:XOM) Coverage Initiated at BMO Capital Markets

Analysts at BMO Capital Markets initiated coverage on shares of Exxon Mobil (NYSE:XOM) in a report issued on Tuesday, The Fly reports. The firm set a “market perform” rating on the oil and gas company’s stock.

Several other analysts have also issued reports on XOM. HSBC reaffirmed a “neutral” rating and issued a $86.50 target price on shares of Exxon Mobil in a research note on Thursday, May 23rd. Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 7th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Barclays initiated coverage on Exxon Mobil in a research note on Monday. They issued an “equal weight” rating and a $73.00 target price for the company. Finally, Goldman Sachs Group reaffirmed a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a research note on Monday, April 29th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $82.18.

Shares of NYSE XOM traded down $0.42 during midday trading on Tuesday, hitting $69.03. 9,743,537 shares of the company’s stock were exchanged, compared to its average volume of 11,627,678. Exxon Mobil has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The company has a market cap of $288.98 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.97 and a beta of 0.97. The business’s fifty day moving average price is $73.72 and its two-hundred day moving average price is $76.78.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. Equities analysts expect that Exxon Mobil will post 3.24 earnings per share for the current fiscal year.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Canandaigua National Bank & Trust Co. grew its stake in shares of Exxon Mobil by 1.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock worth $20,116,000 after acquiring an additional 3,357 shares during the last quarter. Krueger & Catalano Capital Partners LLC boosted its position in shares of Exxon Mobil by 61.2% during the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after buying an additional 4,525 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Exxon Mobil by 0.8% during the second quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after buying an additional 1,440 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its position in shares of Exxon Mobil by 83.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after buying an additional 6,103 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its position in shares of Exxon Mobil by 2.0% during the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after buying an additional 4,922 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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