Exxon Mobil Corp. (XOM) Receives New Coverage from Analysts at Exane BNP Paribas
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group reaffirmed a hold rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. HSBC set a $88.50 price objective on shares of Exxon Mobil Corp. and gave the stock a neutral rating in a research report on Wednesday, July 13th. Vetr raised shares of Exxon Mobil Corp. from a hold rating to a buy rating and set a $93.03 price objective for the company in a research report on Monday, June 27th. Credit Agricole SA reaffirmed a buy rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Finally, Argus reaffirmed a buy rating and set a $104.00 price objective on shares of Exxon Mobil Corp. in a research report on Wednesday, August 17th. Eight investment 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 stock has an average rating of Hold and a consensus target price of $87.39.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 1.07% during midday trading on Monday, hitting $87.49. 2,003,102 shares of the stock traded hands. The company has a market capitalization of $362.79 billion, a price-to-earnings ratio of 34.75 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 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 Thomson Reuters’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The firm had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. During the same period in the prior year, the company earned $1.00 EPS. The company’s revenue for the quarter was down 22.2% compared to the same quarter last year. Equities analysts forecast 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 Exxon Mobil Corp. stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the sale, the vice president now directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company’s stock.
Large investors have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of 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 during the period. Tuttle Tactical Management LLC bought a new position in Exxon Mobil Corp. during the second quarter worth $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 worth $150,000 after buying an additional 33 shares during the last quarter. Cantab Capital Partners LLP bought a new position in Exxon Mobil Corp. during the second quarter worth $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 worth $185,000 after buying an additional 450 shares during 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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