Exxon Mobil Corp. (XOM) Stock Rating Reaffirmed by Barclays PLC
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays PLC in a research note issued on Monday. They currently have a $100.00 price target on the stock. Barclays PLC’s target price indicates a potential upside of 13.97% from the stock’s previous close.
A number of other analysts also recently weighed in on the company. Credit Agricole SA reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a research report on Thursday, September 8th. Collins Stewart reiterated a “hold” rating and set a $83.50 target price on shares of Exxon Mobil Corp. in a research report on Sunday, September 11th. JPMorgan Chase & Co. set a $95.00 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research report on Monday, July 11th. Finally, Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $87.54.
Exxon Mobil Corp. (NYSE:XOM) opened at 87.74 on Monday. The company has a 50-day moving average price of $86.29 and a 200 day moving average price of $88.37. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55. The company has a market cap of $363.83 billion, a PE ratio of 34.85 and a beta of 0.83.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The company had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business’s revenue was down 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, analysts forecast that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was 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 directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of 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 during the last quarter. BlackRock Institutional Trust Company N.A. increased 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 increased 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 increased 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. increased 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 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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