Exxon Mobil Corporation (NYSE:XOM) has been assigned a $95.00 price target by stock analysts at Societe Generale in a research report issued on Friday, July 14th. The firm presently has a “buy” rating on the oil and gas company’s stock. Societe Generale’s target price would suggest a potential upside of 21.47% from the stock’s current price.
A number of other brokerages also recently weighed in on XOM. Vetr upgraded shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $85.72 target price on the stock in a report on Monday, April 3rd. HSBC Holdings plc reiterated a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil Corporation in a report on Thursday, April 13th. Morgan Stanley set a $81.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, July 11th. UBS AG set a $77.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, April 25th. Finally, Argus reiterated a “focus list” rating and issued a $104.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and an average price target of $84.98.
Exxon Mobil Corporation (NYSE XOM) opened at 78.21 on Friday. The firm has a market cap of $331.38 billion, a price-to-earnings ratio of 28.19 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $78.20 and a one year high of $93.22. The firm has a 50 day moving average of $80.50 and a 200-day moving average of $81.75.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new position in Exxon Mobil Corporation during the first quarter worth about $754,000. Ruffer LLP boosted its position in Exxon Mobil Corporation by 4.8% in the fourth quarter. Ruffer LLP now owns 2,227,728 shares of the oil and gas company’s stock worth $202,095,000 after buying an additional 102,881 shares during the last quarter. Prudential PLC boosted its position in shares of Exxon Mobil Corporation by 55.0% in the fourth quarter. Prudential PLC now owns 2,408,764 shares of the oil and gas company’s stock worth $217,415,000 after buying an additional 854,232 shares in the last quarter. Rosenbaum Jay D. boosted its position 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 in the last quarter. Finally, Barber Financial Group Inc. purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter worth about $1,726,000. Hedge funds and other institutional investors own 50.59% of the company’s stock.
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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