Exxon Mobil Corporation (XOM) Receives “Neutral” Rating from J P Morgan Chase & Co
Exxon Mobil Corporation (NYSE:XOM)‘s stock had its “neutral” rating reaffirmed by equities researchers at J P Morgan Chase & Co in a research note issued to investors on Friday. They currently have a $80.00 price objective on the oil and gas company’s stock, down from their previous price objective of $81.00. J P Morgan Chase & Co’s price target indicates a potential upside of 4.38% from the stock’s previous close.
Several other brokerages have also commented on XOM. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price target on the stock in a research note on Monday, June 5th. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, April 25th. Finally, Argus reissued a “focus list” rating and issued a $104.00 price objective (up previously from $91.00) on shares of Exxon Mobil Corporation in a research note on Thursday, May 18th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $84.94.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.50% during trading on Friday, reaching $76.64. The company had a trading volume of 14,324,342 shares. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The stock has a 50 day moving average price of $79.94 and a 200 day moving average price of $81.47. The firm has a market capitalization of $324.73 billion, a PE ratio of 27.63 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly 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. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, equities research analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, 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 hyperlink. 0.08% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in XOM. Seven Eight Capital LP acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at about $686,000. Kovitz Investment Group Partners LLC increased its stake in shares of Exxon Mobil Corporation by 1.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 33,312 shares of the oil and gas company’s stock valued at $3,007,000 after buying an additional 452 shares during the period. Alkeon Capital Management LLC acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at about $72,935,000. GLG LLC increased its stake in shares of Exxon Mobil Corporation by 54.2% in the fourth quarter. GLG LLC now owns 243,995 shares of the oil and gas company’s stock valued at $22,023,000 after buying an additional 85,742 shares during the period. Finally, STA Wealth Management LLC increased its stake in shares of Exxon Mobil Corporation by 11.5% in the fourth quarter. STA Wealth Management LLC now owns 48,320 shares of the oil and gas company’s stock valued at $4,361,000 after buying an additional 4,976 shares during the period. Institutional investors 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.
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