Exxon Mobil Corporation (NYSE:XOM)‘s stock had its “underperform” rating reaffirmed by investment analysts at Morgan Stanley in a research report issued on Thursday.
A number of other brokerages have also recently commented on XOM. Cowen and Company reissued a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price objective on the stock. in a research note on Tuesday, July 4th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Royal Bank Of Canada cut shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $96.00 to $95.00 in a research note on Thursday, July 6th. Finally, BMO Capital Markets raised their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 21st. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus target price of $85.32.
Exxon Mobil Corporation (XOM) opened at 83.11 on Thursday. The stock has a market capitalization of $352.15 billion, a P/E ratio of 29.96 and a beta of 0.82. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The stock has a 50 day moving average of $80.92 and a 200 day moving average of $80.79.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The business had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, analysts expect that Exxon Mobil Corporation will post $3.49 earnings per share for the current year.
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In other news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. CNA Financial Corp raised its stake in shares of Exxon Mobil Corporation by 23.1% during the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after purchasing an additional 3,725 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Exxon Mobil Corporation during the first quarter valued at approximately $754,000. Doyle Wealth Management raised its stake in shares of Exxon Mobil Corporation by 2.7% during the second quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after purchasing an additional 6,921 shares during the period. Holderness Investments Co. raised its stake in shares of Exxon Mobil Corporation by 48.1% during the first quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after purchasing an additional 15,687 shares during the period. Finally, Pinnacle Advisory Group Inc. raised its stake in shares of Exxon Mobil Corporation by 4.6% during the first quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock valued at $1,673,000 after purchasing an additional 891 shares during the period. Institutional investors own 50.73% of the company’s stock.
About Exxon Mobil Corporation
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.
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