Exxon Mobil Corp. (XOM) Given a $91.00 Price Target by HSBC Analysts
Exxon Mobil Corp. (NYSE:XOM) received a $91.00 target price from investment analysts at HSBC in a research note issued on Tuesday. The firm currently has a a “neutral” rating on the stock. HSBC’s price target suggests a potential upside of 2.89% from the company’s current price.
XOM has been the topic of several other reports. Barclays PLC lowered their target price on shares of Exxon Mobil Corp. to $100.00 in a research report on Monday, August 1st. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $95.77 target price on the stock in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $102.00 target price on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Thursday, July 14th. Zacks Investment Research raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Tuesday, July 5th. Finally, Societe Generale set a $105.00 target price on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Monday, August 15th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $87.68.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 88.44 on Tuesday. The firm has a market cap of $366.73 billion, a PE ratio of 35.12 and a beta of 0.83. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The firm’s 50-day moving average price is $86.29 and its 200 day moving average price is $88.38.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The company earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. During the same period last year, the company posted $1.00 earnings per share. The company’s revenue was down 22.2% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current year.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the sale, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock worth $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors raised its stake in Exxon Mobil Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 62,193,667 shares of the company’s stock worth $5,830,034,000 after buying an additional 2,524,527 shares in the last quarter. BlackRock Group LTD raised its stake in Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock worth $3,263,159,000 after buying an additional 177,918 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock worth $2,036,082,000 after buying an additional 869,112 shares in the last quarter. 50.42% of the stock is owned by hedge funds and other institutional investors.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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