Exxon Mobil Corporation (NYSE:XOM) has been given a $80.00 price target by investment analysts at J P Morgan Chase & Co in a research note issued on Friday. The firm currently has a “neutral” rating on the oil and gas company’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 4.90% from the stock’s current price.

Several other research analysts have also recently commented on XOM. UBS AG set a $77.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, April 25th. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Vetr lowered shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price target on the stock. in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil Corporation in a research report on Friday, April 28th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.94.

Exxon Mobil Corporation (NYSE:XOM) traded up 0.62% during midday trading on Friday, reaching $76.73. The company’s stock had a trading volume of 5,361,680 shares. The firm has a market cap of $325.11 billion, a P/E ratio of 27.66 and a beta of 0.81. The firm has a 50 day moving average price of $80.06 and a 200-day moving average price of $81.53. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.

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In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at $101,000. Horan Securities Inc. purchased a new position in Exxon Mobil Corporation during the first quarter valued at $102,000. Riggs Asset Managment Co. Inc. boosted its position in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the period. CWH Capital Management Inc. purchased a new position in Exxon Mobil Corporation during the second quarter valued at $114,000. Finally, Watermark Asset Management Inc. purchased a new position in Exxon Mobil Corporation during the first quarter valued at $136,000. Institutional investors and hedge funds own 50.77% of the company’s stock.

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.

Analyst Recommendations for Exxon Mobil Corporation (NYSE:XOM)

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