Exxon Mobil Corp. (XOM) Given a $100.00 Price Target by Bank of America Corp. Analysts
XOM has been the subject of a number of other research reports. Vetr lowered Exxon Mobil Corp. from a buy rating to a hold rating and set a $89.16 price target for the company. in a research report on Wednesday, September 28th. HSBC set a $86.00 price target on Exxon Mobil Corp. and gave the company a neutral rating in a research report on Tuesday, June 28th. Societe Generale set a $105.00 price target on Exxon Mobil Corp. and gave the company a buy rating in a research report on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 target price on Exxon Mobil Corp. and gave the stock a buy rating in a report on Monday, August 1st. Finally, Barclays PLC reiterated an equal weight rating and set a $102.00 target price on shares of Exxon Mobil Corp. in a report on Thursday, July 28th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $87.54.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.899% during mid-day trading on Monday, reaching $87.645. The company had a trading volume of 5,948,160 shares. The company has a market capitalization of $363.43 billion, a price-to-earnings ratio of 34.807 and a beta of 0.83. The company has a 50 day moving average price of $86.29 and a 200 day moving average price of $88.38. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The business had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. On average, analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current year.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction 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 sale, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Exxon Mobil Corp. during the second quarter worth $441,823,000. Capital World Investors raised its position in shares of Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock worth $1,426,817,000 after buying an additional 4,480,000 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of 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 worth $350,220,000 after buying an additional 3,662,086 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock worth $1,605,194,000 after buying an additional 3,229,704 shares during the last quarter. Institutional investors and hedge funds 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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