Piper Jaffray Companies Reiterates “$76.00” Price Target for Exxon Mobil Corporation (XOM)
Exxon Mobil Corporation (NYSE:XOM) has been given a $76.00 price target by analysts at Piper Jaffray Companies in a research note issued on Friday. The firm currently has a “hold” rating on the oil and gas company’s stock. Piper Jaffray Companies’ price objective suggests a potential downside of 0.94% from the stock’s current price.
A number of other research firms also recently weighed in on XOM. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC restated a “hold” rating and set a $86.00 price target on shares of Exxon Mobil Corporation in a report on Wednesday, May 17th. BMO Capital Markets raised their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. Finally, Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target on the stock. in a report on Tuesday, July 4th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $84.56.
Exxon Mobil Corporation (NYSE XOM) traded up 0.51% on Friday, reaching $76.72. The company had a trading volume of 6,844,875 shares. The firm has a market capitalization of $325.07 billion, a price-to-earnings ratio of 27.66 and a beta of 0.81. The stock’s 50-day moving average price is $79.36 and its 200 day moving average price is $81.22. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.
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In related news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.08% of the company’s stock.
Several large investors have recently bought and sold shares of the company. CNA Financial Corp increased its stake in Exxon Mobil Corporation by 23.1% in the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after buying an additional 3,725 shares during the period. Two Sigma Securities LLC acquired a new stake in Exxon Mobil Corporation during the first quarter worth $754,000. Rosenbaum Jay D. increased its stake in Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares during the period. Pinnacle Advisory Group Inc. increased its stake in Exxon Mobil Corporation by 4.6% in the first quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock worth $1,673,000 after buying an additional 891 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Exxon Mobil Corporation by 0.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 554,787 shares of the oil and gas company’s stock worth $45,498,000 after buying an additional 2,469 shares during the period. 50.77% of the stock is owned by institutional investors and hedge funds.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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