HSBC set a $80.00 price objective on Exxon Mobil (NYSE:XOM) in a research report sent to investors on Thursday morning. The brokerage currently has a sell rating on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on XOM. Zacks Investment Research raised Exxon Mobil from a hold rating to a buy rating and set a $98.00 target price on the stock in a research report on Saturday, January 13th. Vetr raised Exxon Mobil from a sell rating to a hold rating and set a $87.50 price objective on the stock in a research note on Tuesday, January 16th. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the stock a neutral rating in a research note on Monday, January 8th. BMO Capital Markets raised their price objective on Exxon Mobil to $85.00 and gave the stock a market perform rating in a research note on Wednesday, January 10th. Finally, Wells Fargo & Co set a $88.00 price objective on Exxon Mobil and gave the stock a neutral rating in a research note on Thursday, January 11th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $86.71.

Exxon Mobil (NYSE XOM) opened at $87.15 on Thursday. The stock has a market capitalization of $369,260.00, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil has a 12-month low of $76.05 and a 12-month high of $88.21.

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

In related news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 in the last three months. 0.08% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of XOM. CWH Capital Management Inc. purchased a new position in Exxon Mobil during the 2nd quarter valued at approximately $114,000. Horan Securities Inc. grew its holdings in Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares in the last quarter. Litman Gregory Asset Management LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at approximately $131,000. Acrospire Investment Management LLC grew its holdings in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares in the last quarter. 51.06% of the stock is currently 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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