Other analysts have also issued research reports about the company. Vetr lowered Exxon Mobil Corporation from a strong-buy rating to a buy rating and set a $89.82 price objective for the company. in a research note on Tuesday, July 4th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the company a buy rating in a research note on Saturday, June 17th. Royal Bank Of Canada reissued a buy rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research note on Thursday, June 15th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the company a buy rating in a research note on Friday, July 14th. Finally, Cowen and Company reissued a buy rating and set a $100.00 price objective on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Six 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $84.82.
Exxon Mobil Corporation (NYSE:XOM) opened at 82.43 on Tuesday. The firm has a market cap of $349.26 billion, a P/E ratio of 29.72 and a beta of 0.82. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The stock has a 50 day moving average of $79.82 and a 200-day moving average of $80.76.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data 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 company had revenue of $62.88 billion for the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.41 EPS. Equities research analysts predict that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.
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In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Beacon Financial Group increased its holdings in shares of Exxon Mobil Corporation by 1.1% during the third quarter. Beacon Financial Group now owns 185,722 shares of the oil and gas company’s stock valued at $15,225,000 after acquiring an additional 2,021 shares in the last quarter. McQueen Ball & Associates Inc. increased its holdings in shares of Exxon Mobil Corporation by 6.0% during the third quarter. McQueen Ball & Associates Inc. now owns 23,637 shares of the oil and gas company’s stock valued at $1,938,000 after acquiring an additional 1,342 shares in the last quarter. Centre Asset Management LLC bought a new position in shares of Exxon Mobil Corporation during the third quarter valued at $11,189,000. Eqis Capital Management Inc. increased its holdings in shares of Exxon Mobil Corporation by 34.3% during the third quarter. Eqis Capital Management Inc. now owns 42,040 shares of the oil and gas company’s stock valued at $3,446,000 after acquiring an additional 10,745 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its holdings in shares of Exxon Mobil Corporation by 101.1% during the third quarter. Curbstone Financial Management Corp now owns 67,408 shares of the oil and gas company’s stock valued at $5,526,000 after acquiring an additional 33,887 shares in the last quarter. Hedge funds and other institutional investors own 50.74% of the company’s stock.
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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