HSBC set a $91.00 target price on Exxon Mobil Corp. (NYSE:XOM) in a research report released on Tuesday morning. The brokerage currently has a a neutral rating on the stock.

Several other research firms have also recently commented on XOM. Zacks Investment Research raised Exxon Mobil Corp. from a hold rating to a buy rating and set a $105.00 target price for the company in a research note on Tuesday, July 5th. Morgan Stanley set a $95.00 target price on Exxon Mobil Corp. and gave the company a sell rating in a research note on Monday, June 13th. Vetr raised Exxon Mobil Corp. from a hold rating to a buy rating and set a $90.31 target price for the company in a research note on Tuesday, September 13th. Jefferies Group reissued a hold rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Finally, Morningstar Inc. reissued a neutral rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $87.54.

Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 87.74 on Tuesday. The stock has a market capitalization of $363.83 billion, a P/E ratio of 34.85 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 $88.37. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55.

Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. During the same period last year, the business posted $1.00 earnings per share. Analysts forecast 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 transaction of $1,218,270.15. Following the transaction, the vice president now owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

A number of institutional investors have recently made changes to their positions in XOM. Edgar Lomax Co. VA increased its position in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares during the last quarter. Gofen & Glossberg LLC IL increased its position in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock valued at $57,668,000 after buying an additional 1,572 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its position in Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock valued at $21,802,000 after buying an additional 8,293 shares during the last quarter. British Columbia Investment Management Corp increased its position in Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock valued at $179,812,000 after buying an additional 9,739 shares during the last quarter. Finally, Peddock Capital Advisors LLC increased its position in Exxon Mobil Corp. by 16.0% in the second quarter. Peddock Capital Advisors LLC now owns 834,564 shares of the company’s stock valued at $78,232,000 after buying an additional 115,015 shares during the last quarter. 50.42% of the stock is currently owned by hedge funds and other institutional investors.

About Exxon Mobil Corp.

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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