Exxon Mobil Corp. (XOM) Given a $98.00 Price Target at RBC Capital Markets
Several other equities analysts also recently commented on the company. Bank of America Corp. set a $100.00 price objective on Exxon Mobil Corp. and gave the company a hold rating in a research report on Monday. BNP Paribas set a $80.00 price objective on Exxon Mobil Corp. and gave the company a sell rating in a research report on Tuesday. HSBC set a $91.00 price objective on Exxon Mobil Corp. and gave the company a neutral rating in a research report on Tuesday. Barclays PLC restated an equal weight rating and issued a $100.00 price objective on shares of Exxon Mobil Corp. in a research report on Monday. Finally, Exane BNP Paribas initiated coverage on Exxon Mobil Corp. in a research report on Monday. They issued an underperform rating and a $80.00 price objective on the stock. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Exxon Mobil Corp. currently has a consensus rating of Hold and a consensus price target of $87.77.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.27% during midday trading on Thursday, reaching $86.79. The company’s stock had a trading volume of 1,987,210 shares. The firm has a market cap of $359.89 billion, a price-to-earnings ratio of 34.47 and a beta of 0.83. The company’s 50-day moving average is $86.23 and its 200 day moving average is $88.35. Exxon Mobil Corp. has a 12-month low of $71.55 and a 12-month high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Exxon Mobil Corp.’s revenue was down 22.2% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction 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 owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in XOM. Vanguard Group Inc. increased its position 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 valued at $25,715,387,000 after buying an additional 6,897,006 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position 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 valued at $9,286,480,000 after buying an additional 1,455,454 shares during the last quarter. BlackRock Fund Advisors increased its position 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 valued at $5,830,034,000 after buying an additional 2,524,527 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock valued at $3,263,159,000 after buying an additional 177,918 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock valued at $2,036,082,000 after buying an additional 869,112 shares in the last quarter. 50.42% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corp. Company Profile
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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