Exxon Mobil (NYSE:XOM) has been assigned a $88.00 price objective by stock analysts at Wells Fargo & Co in a report released on Thursday. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Wells Fargo & Co’s price objective would suggest a potential upside of 0.55% from the stock’s current price.

Several other research firms have also issued reports on XOM. Cowen restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Royal Bank of Canada cut their price target on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating for the company in a research report on Thursday, November 16th. BNP Paribas set a $75.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 8th. Finally, Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target for the company. in a research report on Thursday, September 28th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $86.74.

Exxon Mobil (NYSE:XOM) traded up $0.59 during midday trading on Thursday, reaching $87.52. 9,804,900 shares of the company’s stock traded hands, compared to its average volume of 11,350,000. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil has a twelve month low of $76.05 and a twelve month high of $87.99. The stock has a market capitalization of $370,830.00, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same period in the prior year, the business posted $0.63 earnings per share. equities analysts expect that Exxon Mobil will post 3.68 earnings per share for the current year.

In related news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the transaction, the insider now directly owns 220,000 shares of the company’s stock, valued at $18,341,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,357 shares of company stock valued at $4,273,910. Insiders own 0.08% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Shell Asset Management Co. increased its stake in shares of Exxon Mobil by 31.9% during the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after purchasing an additional 257,727 shares in the last quarter. Baldwin Brothers Inc. MA increased its stake in shares of Exxon Mobil by 14.4% during the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock valued at $8,472,000 after purchasing an additional 13,206 shares in the last quarter. Compass Capital Management Inc. increased its stake in shares of Exxon Mobil by 1.5% during the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock valued at $1,071,000 after purchasing an additional 199 shares in the last quarter. Perkins Coie Trust Co increased its stake in shares of Exxon Mobil by 47.6% during the second quarter. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company’s stock valued at $790,000 after purchasing an additional 3,154 shares in the last quarter. Finally, WESPAC Advisors LLC increased its stake in shares of Exxon Mobil by 82.0% during the second quarter. WESPAC Advisors LLC now owns 6,321 shares of the oil and gas company’s stock valued at $510,000 after purchasing an additional 2,848 shares in the last quarter. 51.05% of the stock is owned by institutional investors.

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About Exxon Mobil

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 (NYSE:XOM)

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