Exxon Mobil Corporation (XOM) PT Set at $91.00 by Barclays PLC
Exxon Mobil Corporation (NYSE:XOM) has been assigned a $91.00 price objective by research analysts at Barclays PLC in a report issued on Tuesday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Barclays PLC’s target price would suggest a potential upside of 10.17% from the company’s previous close.
Several other research firms have also weighed in on XOM. Cowen and Company reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil Corporation in a report on Tuesday, September 19th. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 target price on the stock. in a report on Tuesday, July 4th. Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Morgan Stanley set a $81.00 target price on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada lowered shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $96.00 to $95.00 in a report on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus target price of $84.82.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at 82.60 on Tuesday. The firm has a 50-day moving average of $79.66 and a 200 day moving average of $80.75. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.21. The company has a market cap of $349.98 billion, a P/E ratio of 29.78 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Equities analysts expect that Exxon Mobil Corporation will post $3.44 EPS for the current fiscal year.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the 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 in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Horan Securities Inc. purchased a new position in shares of Exxon Mobil Corporation in the 1st quarter valued at $102,000. Riggs Asset Managment Co. Inc. grew its position in shares of Exxon Mobil Corporation by 27.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the last quarter. CWH Capital Management Inc. purchased a new position in shares of Exxon Mobil Corporation in the 2nd quarter valued at $114,000. Watermark Asset Management Inc. purchased a new position in shares of Exxon Mobil Corporation in the 1st quarter valued at $136,000. Finally, Acrospire Investment Management LLC grew its position in shares of Exxon Mobil Corporation by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the last quarter. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corporation Company Profile
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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