Barclays PLC reissued their overweight rating on shares of Exxon Mobil Corporation (NYSE:XOM) in a research report report published on Friday. Barclays PLC currently has a $94.00 price target on the oil and gas company’s stock, up from their previous price target of $91.00.

XOM has been the subject of a number of other research reports. Zacks Investment Research upgraded Exxon Mobil Corporation from a sell rating to a hold rating in a research report on Monday, August 7th. BMO Capital Markets set a $78.00 price objective on Exxon Mobil Corporation and gave the company a hold rating in a report on Monday, June 26th. Vetr lowered Exxon Mobil Corporation from a buy rating to a hold rating and set a $85.17 price objective for the company. in a report on Friday, October 6th. BNP Paribas set a $70.00 price objective on Exxon Mobil Corporation and gave the company a sell rating in a report on Monday, September 25th. Finally, Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the company a sell rating in a report on Tuesday, July 11th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have assigned 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 price target of $84.94.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 82.41 on Friday. The firm has a 50-day moving average price of $80.09 and a 200-day moving average price of $80.75. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The firm has a market cap of $349.18 billion, a P/E ratio of 29.71 and a beta of 0.82.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $61.35 billion. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.

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In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Exxon Mobil Corporation by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the period. Vanguard Group Inc. lifted its position in shares of Exxon Mobil Corporation by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Exxon Mobil Corporation by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares during the period. Harbour Capital Advisors LLC lifted its position in shares of Exxon Mobil Corporation by 8,029.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after acquiring an additional 3,695,728 shares during the period. Finally, APG Asset Management N.V. lifted its position in shares of Exxon Mobil Corporation by 22.7% in the 2nd quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after acquiring an additional 2,088,263 shares during the period. Hedge funds and other institutional investors own 50.74% 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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