Exxon Mobil (NYSE:XOM) Receives Neutral Rating from Jefferies Financial Group

Exxon Mobil (NYSE:XOM)‘s stock had its “neutral” rating reissued by investment analysts at Jefferies Financial Group in a research report issued on Wednesday, Borsen Zeitung reports. They currently have a $75.00 target price on the oil and gas company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 11.71% from the stock’s previous close.

A number of other analysts have also recently weighed in on XOM. Credit Suisse Group reissued a “neutral” rating and issued a $70.00 target price on shares of Exxon Mobil in a research note on Thursday, January 9th. JPMorgan Chase & Co. set a $76.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, January 6th. Morgan Stanley decreased their price objective on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, October 4th. Berenberg Bank reiterated a “neutral” rating and issued a $67.00 price objective on shares of Exxon Mobil in a research note on Tuesday, January 14th. Finally, Piper Jaffray Companies assumed coverage on Exxon Mobil in a research note on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $77.77.

XOM stock traded down $0.44 during midday trading on Wednesday, hitting $67.14. The stock had a trading volume of 5,398,820 shares, compared to its average volume of 11,380,965. Exxon Mobil has a 52 week low of $66.31 and a 52 week high of $83.49. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $69.51 and a 200 day simple moving average of $70.50. The firm has a market capitalization of $290.08 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.19 and a beta of 1.00.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The firm had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil will post 2.42 EPS for the current year.

In other news, VP Liam M. Mallon sold 32,287 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the transaction, the vice president now directly owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David S. Rosenthal sold 9,615 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total value of $668,338.65. Company insiders own 0.05% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of XOM. Bernardo Wealth Planning LLC grew its holdings in Exxon Mobil by 2.2% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 14,307 shares of the oil and gas company’s stock worth $1,096,000 after acquiring an additional 307 shares during the last quarter. BlackRock Inc. raised its stake in shares of Exxon Mobil by 0.4% in the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after acquiring an additional 1,069,038 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Exxon Mobil by 6.0% in the second quarter. Victory Capital Management Inc. now owns 387,958 shares of the oil and gas company’s stock worth $29,729,000 after acquiring an additional 21,869 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Exxon Mobil in the second quarter worth about $213,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Exxon Mobil by 4.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 656,242 shares of the oil and gas company’s stock worth $50,288,000 after purchasing an additional 30,341 shares in the last quarter. Hedge funds and other institutional investors own 54.50% of the company’s stock.

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 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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