BNP Paribas reissued their sell rating on shares of Exxon Mobil Corporation (NYSE:XOM) in a research note issued to investors on Wednesday. The firm currently has a $70.00 target price on the oil and gas company’s stock.
A number of other research analysts also recently issued reports on XOM. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a buy rating in a research note on Saturday, June 17th. Vetr downgraded Exxon Mobil Corporation from a strong-buy rating to a buy rating and set a $89.82 price target on the stock. in a research note on Tuesday, July 4th. Jefferies Group LLC restated a hold rating and set a $86.00 price target on shares of Exxon Mobil Corporation in a research note on Friday, June 23rd. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the stock a hold rating in a research note on Monday, June 26th. Finally, HSBC Holdings plc dropped their price target on Exxon Mobil Corporation from $90.00 to $85.00 and set a hold rating on the stock in a research note on Wednesday, March 8th. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $87.83.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 80.22 on Wednesday. The company has a 50-day moving average price of $81.74 and a 200-day moving average price of $83.51. The stock has a market cap of $339.91 billion, a price-to-earnings ratio of 33.47 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $79.26 and a 12 month high of $95.55.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $63.29 billion for the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, analysts expect that Exxon Mobil Corporation will post $3.80 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in XOM. Thomas J. Herzfeld Advisors Inc. bought a new position in Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth $102,000. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the period. Finally, Empirical Finance LLC bought a new position in Exxon Mobil Corporation during the fourth quarter worth $172,000. 50.95% of the stock is owned by institutional investors.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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