Exxon Mobil (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Bank of America in a research report issued on Tuesday, AnalystRatings.com reports. They presently have a $100.00 target price on the oil and gas company’s stock. Bank of America‘s target price would indicate a potential upside of 47.48% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Piper Jaffray Companies started coverage on shares of Exxon Mobil in a report on Tuesday, November 26th. They issued a “hold” rating and a $83.00 target price for the company. UBS Group lowered their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. BMO Capital Markets initiated coverage on Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective for the company. Morgan Stanley dropped their price objective on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $74.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $79.00.

XOM traded down $0.61 during trading on Tuesday, reaching $67.81. The company’s stock had a trading volume of 3,514,386 shares, compared to its average volume of 11,775,924. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. The company’s fifty day moving average price is $69.17 and its 200-day moving average price is $71.85. Exxon Mobil has a 52-week low of $64.65 and a 52-week high of $83.49. The company has a market capitalization of $288.27 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 2.67 and a beta of 0.99.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The business had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. Equities analysts predict that Exxon Mobil will post 2.54 earnings per share for the current year.

In related news, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Riverstone Advisors LLC grew its position in shares of Exxon Mobil by 0.5% during the second quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after buying an additional 142 shares in the last quarter. Alpha Windward LLC boosted its stake in Exxon Mobil by 3.1% during the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after acquiring an additional 144 shares during the last quarter. Saratoga Research & Investment Management boosted its stake in Exxon Mobil by 4.1% during the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 145 shares during the last quarter. Jupiter Wealth Management LLC grew its holdings in Exxon Mobil by 0.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock worth $3,073,000 after acquiring an additional 145 shares in the last quarter. Finally, Kahn Brothers Group Inc. DE grew its holdings in Exxon Mobil by 0.8% during the 3rd quarter. Kahn Brothers Group Inc. DE now owns 19,120 shares of the oil and gas company’s stock worth $1,350,000 after acquiring an additional 146 shares in the last quarter. 54.51% of the stock is owned by institutional investors.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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