Wolfe Research cut shares of Exxon Mobil Corporation (NYSE:XOM) from a market perform rating to an underperform rating in a research report sent to investors on Monday.
Other equities research analysts have also issued reports about the stock. BMO Capital Markets set a $78.00 price target on shares of Exxon Mobil Corporation and gave the company a hold rating in a report on Monday, June 26th. Scotiabank set a $85.00 price target on shares of Exxon Mobil Corporation and gave the company a hold rating in a report on Monday, March 27th. Jefferies Group LLC reiterated a neutral rating and set a $92.00 price target on shares of Exxon Mobil Corporation in a report on Thursday, April 6th. BNP Paribas reiterated a sell rating and set a $70.00 price target on shares of Exxon Mobil Corporation in a report on Wednesday, July 5th. Finally, Vetr upgraded shares of Exxon Mobil Corporation from a buy rating to a strong-buy rating and set a $89.82 price target for the company in a report on Monday, July 10th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation presently has a consensus rating of Hold and an average target price of $86.05.
Exxon Mobil Corporation (XOM) opened at 80.85 on Monday. Exxon Mobil Corporation has a 52 week low of $79.26 and a 52 week high of $94.29. The company’s 50-day moving average is $81.24 and its 200-day moving average is $82.51. The company has a market cap of $342.58 billion, a P/E ratio of 33.73 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. The company had revenue of $63.29 billion during the quarter, compared to analysts’ expectations of $64.88 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 29.9% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corporation will post $3.62 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Rosenbaum Jay D. increased its stake in shares of Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares during the last quarter. Barber Financial Group Inc. bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth about $1,726,000. Gyroscope Capital Management Group LLC increased its stake in shares of Exxon Mobil Corporation by 49.1% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 26,823 shares of the oil and gas company’s stock worth $2,421,000 after buying an additional 8,829 shares during the last quarter. Tyers Asset Management LLC bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth about $12,144,000. Finally, Glenview Trust Co bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth about $25,797,000. 50.54% of the stock is currently owned by hedge funds and other 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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