Exxon Mobil (NYSE:XOM)‘s stock had its “buy” rating reissued by analysts at Societe Generale in a report issued on Tuesday. They presently have a $87.00 target price on the oil and gas company’s stock. Societe Generale’s price target points to a potential upside of 16.73% from the stock’s current price.
XOM has been the topic of several other research reports. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price objective on the stock in a research report on Friday, November 17th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Goldman Sachs Group reissued a “neutral” rating and issued a $96.00 price objective on shares of Exxon Mobil in a research report on Thursday, February 1st. Wells Fargo & Co set a $88.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Barclays cut Exxon Mobil from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $91.00 to $84.00 in a research report on Tuesday, February 6th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $86.05.
Exxon Mobil (XOM) opened at $74.53 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.52. Exxon Mobil has a 1 year low of $73.56 and a 1 year high of $89.30. The firm has a market capitalization of $318,826.63, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91.
In related news, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the sale, the vice president now directly owns 291,385 shares in the company, valued at approximately $24,199,524.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Green Square Capital LLC increased its stake in Exxon Mobil by 34.3% in the 4th quarter. Green Square Capital LLC now owns 102,539 shares of the oil and gas company’s stock worth $8,576,000 after acquiring an additional 26,160 shares during the last quarter. Certified Advisory Corp bought a new position in Exxon Mobil in the 4th quarter worth about $691,000. Ackerman Capital Advisors LLC bought a new position in Exxon Mobil in the 4th quarter worth about $2,217,000. Wagner Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth about $806,000. Finally, D.B. Root & Company LLC bought a new position in Exxon Mobil in the 4th quarter worth about $1,886,000. Institutional investors own 53.18% of the company’s stock.
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Exxon Mobil 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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