Exxon Mobil Corporation (NYSE:XOM) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $84.87 price target on the oil and gas company’s stock. Vetr‘s price target would indicate a potential upside of 5.99% from the stock’s current price.

Several other equities research analysts have also recently commented on XOM. UBS AG set a $75.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Thursday, June 8th. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada set a $90.00 price target on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, August 3rd. HSBC Holdings plc set a $81.50 price target on Exxon Mobil Corporation and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $86.00 price target on shares of Exxon Mobil Corporation in a research note on Friday, June 23rd. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation has an average rating of “Hold” and an average price target of $84.65.

Exxon Mobil Corporation (NYSE:XOM) opened at 80.07 on Wednesday. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The stock has a market cap of $339.27 billion, a price-to-earnings ratio of 28.86 and a beta of 0.82. The company has a 50-day moving average of $78.38 and a 200 day moving average of $80.84.

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 firm had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Equities analysts anticipate that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.

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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the business. Asset Management Advisors LLC grew its holdings in shares of Exxon Mobil Corporation by 0.3% during the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after purchasing an additional 7 shares during the last quarter. Cordasco Financial Network grew its holdings in shares of Exxon Mobil Corporation by 0.6% during the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 15 shares during the last quarter. Horizon Investment Services LLC grew its holdings in shares of Exxon Mobil Corporation by 0.4% during the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 20 shares during the last quarter. LifePlan Financial Group Inc grew its holdings in shares of Exxon Mobil Corporation by 0.5% during the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 24 shares during the last quarter. Finally, Jag Capital Management LLC grew its holdings in shares of Exxon Mobil Corporation by 0.5% during the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

About Exxon Mobil Corporation

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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