The Analysts Set Exxon Mobil Corp. (XOM) Target Price at $86.90

The Analysts Set Exxon Mobil Corp. (XOM) Target Price at $86.90

Shares of Exxon Mobil Corp. (NYSE:XOM) have received an average recommendation of “Hold” from the twenty-nine research firms that are covering the company. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $87.10.

Several equities research analysts have recently weighed in on the company. Goldman Sachs Group Inc. set a $96.00 target price on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, December 20th. Macquarie restated an “underperform” rating and set a $75.00 price target on shares of Exxon Mobil Corp. in a research note on Saturday, December 17th. Jefferies Group set a $92.00 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday. Cowen and Company restated an “outperform” rating and set a $100.00 price target on shares of Exxon Mobil Corp. in a research note on Monday, October 31st. Finally, Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $87.73 price target on the stock in a research note on Tuesday, November 1st.

Exxon Mobil Corp. (NYSE:XOM) opened at 86.28 on Thursday. The stock’s 50 day moving average price is $88.99 and its 200 day moving average price is $87.98. The firm has a market capitalization of $357.78 billion, a P/E ratio of 40.39 and a beta of 0.89. Exxon Mobil Corp. has a 52 week low of $72.61 and a 52 week high of $95.55.

Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The business had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. During the same quarter last year, the company earned $1.01 EPS. The business’s quarterly revenue was down 12.9% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corp. will post $2.19 EPS for the current year.

In other news, VP Dennis G. Wascom sold 4,400 shares of Exxon Mobil Corp. stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $92.00, for a total value of $404,800.00. Following the completion of the sale, the vice president now owns 183,765 shares of the company’s stock, valued at $16,906,380. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sara N. Ortwein sold 5,000 shares of Exxon Mobil Corp. stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $90.88, for a total value of $454,400.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Capital Research Global Investors increased its stake in shares of Exxon Mobil Corp. by 64.5% in the third quarter. Capital Research Global Investors now owns 27,898,520 shares of the company’s stock worth $2,434,983,000 after buying an additional 10,934,457 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Exxon Mobil Corp. during the third quarter worth about $706,000,000. Vanguard Group Inc. increased its stake in Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Exxon Mobil Corp. during the second quarter worth about $441,823,000. Finally, Capital World Investors increased its stake in Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock worth $1,426,817,000 after buying an additional 4,480,000 shares during the period. 49.95% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Corp. Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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