RBC Capital Markets set a $98.00 price target on Exxon Mobil Corp. (NYSE:XOM) in a report released on Thursday morning. The brokerage currently has a a buy rating on the stock.

A number of other research firms have also recently issued reports on XOM. HSBC set a $88.50 target price on Exxon Mobil Corp. and gave the company a neutral rating in a research report on Wednesday, July 13th. Barclays PLC set a $102.00 target price on Exxon Mobil Corp. and gave the company a neutral rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. set a $102.00 target price on Exxon Mobil Corp. and gave the company a buy rating in a research report on Thursday, July 14th. Zacks Investment Research upgraded Exxon Mobil Corp. from a hold rating to a buy rating and set a $105.00 target price on the stock in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. set a $95.00 target price on Exxon Mobil Corp. and gave the company a neutral rating in a research report on Monday, July 11th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $87.77.

Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.27% during trading on Thursday, hitting $86.79. 1,987,210 shares of the stock traded hands. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The company has a 50 day moving average of $86.23 and a 200-day moving average of $88.35. The company has a market cap of $359.89 billion, a PE ratio of 34.47 and a beta of 0.83.

Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Zacks’ 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 company earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.

In related news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction dated 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 completion of the sale, the vice president now directly 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 hyperlink. Corporate insiders own 0.14% of the company’s stock.

Large investors have recently modified their holdings of the stock. Burke & Herbert Bank & Trust Co. boosted its stake in shares of Exxon Mobil Corp. by 1.5% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 84,255 shares of the company’s stock valued at $7,043,000 after buying an additional 1,244 shares in the last quarter. Gierl Augustine Investment Management Inc boosted its stake in shares of Exxon Mobil Corp. by 21.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 38,564 shares of the company’s stock valued at $3,224,000 after buying an additional 6,900 shares in the last quarter. Jacobs & Co. CA boosted its stake in shares of Exxon Mobil Corp. by 1.8% in the first quarter. Jacobs & Co. CA now owns 88,063 shares of the company’s stock valued at $7,361,000 after buying an additional 1,593 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Exxon Mobil Corp. by 6.5% in the first quarter. Capital Investment Advisors LLC now owns 65,430 shares of the company’s stock valued at $5,469,000 after buying an additional 3,992 shares in the last quarter. Finally, Culbertson A N & Co. Inc. bought a new stake in shares of Exxon Mobil Corp. during the first quarter valued at $5,553,000. Institutional investors own 50.42% of the company’s stock.

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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