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.
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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