Exxon Mobil Corporation (NYSE:XOM) has been given a $75.00 target price by stock analysts at BNP Paribas in a research report issued to clients and investors on Wednesday. The brokerage presently has a “sell” rating on the oil and gas company’s stock. BNP Paribas’ price objective suggests a potential downside of 6.90% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group, Inc. set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. downgraded Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and cut their price target for the company from $83.60 to $77.00 in a research note on Tuesday, November 7th. TheStreet upgraded Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Wells Fargo & Company set a $84.00 price target on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $85.78.
Shares of Exxon Mobil Corporation (XOM) traded down $0.65 during trading hours on Wednesday, reaching $80.56. The company’s stock had a trading volume of 10,527,200 shares, compared to its average volume of 11,002,192. Exxon Mobil Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $93.22. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The stock has a market cap of $339,940.00, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.71 and a beta of 0.83.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current year.
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In other news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of XOM. CNA Financial Corp raised its stake in Exxon Mobil Corporation by 23.1% in the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after buying an additional 3,725 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Exxon Mobil Corporation in the first quarter valued at about $754,000. Doyle Wealth Management raised its stake in Exxon Mobil Corporation by 2.7% in the second quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after buying an additional 6,921 shares during the last quarter. Shell Asset Management Co. raised its stake in Exxon Mobil Corporation by 1.6% in the second quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock valued at $65,262,000 after buying an additional 12,362 shares during the last quarter. Finally, Holderness Investments Co. raised its stake in Exxon Mobil Corporation by 48.1% in the first quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after buying an additional 15,687 shares during the last quarter. 50.84% of the stock is currently owned by institutional investors.
Exxon Mobil Corporation Company Profile
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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