Exxon Mobil Corp.’s (XOM) Equal Weight Rating Reaffirmed at Barclays PLC
Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays PLC in a research report issued to clients and investors on Monday. They presently have a $100.00 target price on the stock. Barclays PLC’s price target suggests a potential upside of 13.07% from the stock’s current price.
XOM has been the topic of several other research reports. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective on the stock in a research report on Tuesday, September 13th. Wells Fargo & Co. reiterated a “buy” rating and set a $98.00 price objective (down previously from $108.50) on shares of Exxon Mobil Corp. in a research report on Tuesday, September 20th. Morgan Stanley set a $95.00 price objective on Exxon Mobil Corp. and gave the stock a “sell” rating in a research report on Monday, June 13th. Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Finally, Collins Stewart reiterated a “hold” rating and set a $83.50 price objective on shares of Exxon Mobil Corp. in a research report on Sunday, September 11th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Exxon Mobil Corp. has a consensus rating of “Hold” and a consensus price target of $87.39.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 1.96% on Monday, reaching $88.44. 10,060,038 shares of the company traded hands. The company has a market capitalization of $366.73 billion, a P/E ratio of 35.12 and a beta of 0.83. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The firm’s 50 day moving average is $86.29 and its 200 day moving average is $88.38.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.23. The firm had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. Analysts expect that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the business’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 transaction, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock valued at $25,715,387,000 after buying an additional 6,897,006 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Exxon Mobil Corp. during the second quarter valued at approximately $441,823,000. Capital World Investors increased its stake in Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock valued at $1,426,817,000 after buying an additional 4,480,000 shares in the last quarter. Acadian Asset Management LLC increased its stake in Exxon Mobil Corp. by 4,948.6% in the second quarter. Acadian Asset Management LLC now owns 3,736,088 shares of the company’s stock valued at $350,220,000 after buying an additional 3,662,086 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock valued at $1,605,194,000 after buying an additional 3,229,704 shares in the last quarter. Hedge funds and other institutional investors own 50.42% of the company’s stock.
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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