Exxon Mobil (NYSE:XOM)‘s stock had its “hold” rating reiterated by stock analysts at Piper Jaffray Companies in a research note issued on Friday. They presently have a $82.00 price target on the oil and gas company’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 5.77% from the stock’s previous close.
A number of other research analysts also recently weighed in on XOM. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday, October 26th. Wells Fargo & Co set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. Goldman Sachs Group set a $86.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Finally, downgraded shares of Exxon Mobil from a “hold” rating to a “reduce” rating and decreased their price objective for the stock from $83.60 to $77.00 in a research report on Tuesday, November 7th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $86.98.
Exxon Mobil (XOM) opened at $77.53 on Friday. The stock has a market cap of $328,500.00, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.02 and a beta of 0.82. Exxon Mobil has a 1 year low of $73.90 and a 1 year high of $89.30. 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 (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The firm had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. equities analysts anticipate that Exxon Mobil will post 4.85 EPS for the current fiscal year.
In related news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the sale, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWH Capital Management Inc. purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $114,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $131,000. Ford Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $137,000. Acrospire Investment Management LLC grew its stake in shares of Exxon Mobil by 172.7% in 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 during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Exxon Mobil by 2.7% in 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 during the period. 51.65% 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.
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