Jefferies Group set a $92.00 price target on Exxon Mobil Corporation (NYSE:XOM) in a report issued on Tuesday. The firm currently has a neutral rating on the stock.
Several other research analysts have also recently issued reports on the stock. Wells Fargo & Company cut shares of Exxon Mobil Corporation from an outperform rating to a market perform rating in a report on Wednesday, January 11th. They noted that the move was a valuation call. Vetr raised shares of Exxon Mobil Corporation from a hold rating to a buy rating and set a $91.00 target price for the company in a report on Monday, January 9th. J P Morgan Chase & Co set a $94.00 target price on shares of Exxon Mobil Corporation and gave the stock a neutral rating in a report on Monday, January 9th. Goldman Sachs Group, Inc. (The) set a $96.00 target price on shares of Exxon Mobil Corporation and gave the stock a neutral rating in a report on Monday, December 26th. Finally, Macquarie reaffirmed an underperform rating and issued a $75.00 target price on shares of Exxon Mobil Corporation in a report on Saturday, December 17th. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of Hold and a consensus target price of $87.52.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.880% during mid-day trading on Tuesday, hitting $86.591. 3,652,639 shares of the company were exchanged. The company has a market capitalization of $359.07 billion, a P/E ratio of 40.539 and a beta of 0.89. Exxon Mobil Corporation has a 52 week low of $71.55 and a 52 week high of $95.55. The company has a 50 day moving average of $88.97 and a 200 day moving average of $87.99.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Exxon Mobil Corporation had a net margin of 3.98% and a return on equity of 5.04%. The company earned $58.68 billion during the quarter, compared to analysts’ expectations of $61.34 billion. During the same period last year, the company posted $1.01 EPS. Exxon Mobil Corporation’s revenue was down 12.9% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Corporation will post $2.19 earnings per share for the current year.
In other Exxon Mobil Corporation news, VP Dennis G. Wascom sold 4,400 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $92.00, for a total transaction of $404,800.00. Following the transaction, the vice president now owns 183,765 shares in the company, valued at $16,906,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sara N. Ortwein sold 5,000 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $90.88, for a total transaction of $454,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Robinson Value Management Ltd. purchased a new position in Exxon Mobil Corporation during the fourth quarter worth $1,675,000. Hall Laurie J Trustee purchased a new position in Exxon Mobil Corporation during the fourth quarter worth $5,862,000. Lederer & Associates Investment Counsel CA purchased a new position in Exxon Mobil Corporation during the fourth quarter worth $1,849,000. Sfmg LLC boosted its position in Exxon Mobil Corporation by 11.5% in the third quarter. Sfmg LLC now owns 36,604 shares of the company’s stock worth $3,195,000 after buying an additional 3,778 shares during the period. Finally, TrueNorth Inc. purchased a new position in Exxon Mobil Corporation during the third quarter worth $3,081,000. Institutional investors and hedge funds own 49.95% of the company’s stock.
Exxon Mobil Corporation 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.