Several other brokerages have also recently weighed in on XOM. HSBC set a $83.50 price objective on Exxon Mobil Corp. and gave the company a neutral rating in a report on Tuesday, August 2nd. Morgan Stanley set a $95.00 price target on Exxon Mobil Corp. and gave the company a sell rating in a research note on Monday, June 13th. Zacks Investment Research upgraded Exxon Mobil Corp. from a hold rating to a buy rating and set a $105.00 price target on the stock in a research note on Tuesday, July 5th. Vetr upgraded Exxon Mobil Corp. from a hold rating to a buy rating and set a $90.31 price target on the stock in a research note on Tuesday, September 13th. Finally, Jefferies Group reiterated a hold rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $87.54.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 87.13 on Monday. The company has a market capitalization of $361.30 billion, a PE ratio of 34.60 and a beta of 0.83. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The stock’s 50 day moving average price is $86.27 and its 200-day moving average price is $88.37.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The company earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. Exxon Mobil Corp.’s revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, analysts expect that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the transaction, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. raised its position in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares in the last quarter. Tuttle Tactical Management LLC acquired a new position in Exxon Mobil Corp. during the second quarter valued at about $125,000. NewSquare Capital LLC raised its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares in the last quarter. Cantab Capital Partners LLP acquired a new position in Exxon Mobil Corp. during the second quarter valued at about $183,000. Finally, NCM Capital Management Group Inc. raised its position in Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock valued at $185,000 after buying an additional 450 shares in the last quarter. 50.42% of the stock is owned by institutional investors.
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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