Societe Generale set a $95.00 price target on Exxon Mobil Corporation (NYSE:XOM) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.
Other equities research analysts also recently issued research reports about the stock. Vetr raised shares of Exxon Mobil Corporation from a hold rating to a buy rating and set a $87.64 price objective for the company in a research report on Tuesday, April 11th. Royal Bank Of Canada reissued a buy rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research report on Tuesday, April 25th. Bank of America Corporation raised shares of Exxon Mobil Corporation from a neutral rating to a buy rating and increased their price objective for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Scotiabank raised shares of Exxon Mobil Corporation from a sector perform rating to a buy rating and increased their price objective for the stock from $85.00 to $86.00 in a research report on Monday, June 5th. Finally, Argus reissued a focus list rating and set a $104.00 price objective (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $86.05.
Shares of Exxon Mobil Corporation (XOM) traded down 0.52% during midday trading on Friday, hitting $80.86. 7,914,701 shares of the company’s stock were exchanged. Exxon Mobil Corporation has a 52 week low of $79.26 and a 52 week high of $95.55. The company has a 50-day moving average of $81.74 and a 200-day moving average of $83.51. The firm has a market cap of $342.63 billion, a price-to-earnings ratio of 33.73 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. The company had revenue of $63.29 billion during the quarter, compared to the consensus estimate of $64.88 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue was up 29.9% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post $3.68 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of XOM. Coldstream Capital Management Inc. boosted its stake in Exxon Mobil Corporation by 5.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 38,190 shares of the oil and gas company’s stock worth $3,447,000 after buying an additional 1,871 shares in the last quarter. JT Stratford LLC bought a new stake in Exxon Mobil Corporation during the fourth quarter worth about $543,000. Concentric Wealth Management LLC bought a new stake in Exxon Mobil Corporation during the fourth quarter worth about $2,222,000. BigSur Wealth Management LLC bought a new stake in Exxon Mobil Corporation during the fourth quarter worth about $449,000. Finally, Honkamp Krueger Financial Services Inc. ADV bought a new stake in Exxon Mobil Corporation during the fourth quarter worth about $5,386,000. Institutional investors own 50.54% of the company’s stock.
Exxon Mobil Corporation Company Profile
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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