Exxon Mobil Corp. (XOM) Given a $80.00 Price Target at BNP Paribas
XOM has been the subject of several other research reports. HSBC set a $91.00 price target on shares of Exxon Mobil Corp. and gave the company a neutral rating in a research note on Tuesday, October 11th. Exane BNP Paribas initiated coverage on shares of Exxon Mobil Corp. in a research note on Monday, October 10th. They set an underperform rating and a $80.00 price target for the company. Vetr raised shares of Exxon Mobil Corp. from a hold rating to a buy rating and set a $90.31 price target for the company in a research note on Tuesday, September 13th. Wells Fargo & Co. reaffirmed a buy rating and set a $98.00 price target (down previously from $108.50) on shares of Exxon Mobil Corp. in a research note on Tuesday, September 20th. Finally, Morgan Stanley set a $95.00 price target on shares of Exxon Mobil Corp. and gave the company a sell rating in a research note on Monday, June 13th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $87.77.
Exxon Mobil Corp. (NYSE:XOM) opened at 86.54 on Tuesday. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The company has a 50-day moving average of $86.20 and a 200-day moving average of $88.37. The firm has a market capitalization of $358.85 billion, a price-to-earnings ratio of 34.37 and a beta of 0.83.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The business 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%. Exxon Mobil Corp.’s revenue was down 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. On average, equities analysts forecast that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. raised its stake in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the period. Tuttle Tactical Management LLC acquired a new stake in Exxon Mobil Corp. during the second quarter valued at about $125,000. NewSquare Capital LLC raised its stake in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the period. Cantab Capital Partners LLP acquired a new stake in Exxon Mobil Corp. during the second quarter valued at about $183,000. Finally, NCM Capital Management Group Inc. raised its stake in Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock valued at $185,000 after buying an additional 450 shares during the period. 50.42% of the stock is currently owned by 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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