Exxon Mobil (XOM) Stock Rating Upgraded by Vetr

Exxon Mobil (NYSE:XOM) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday. The firm presently has a $92.90 price objective on the oil and gas company’s stock. Vetr‘s price objective points to a potential upside of 12.06% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays set a $91.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday, October 10th. Cowen reiterated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research note on Tuesday, September 19th. Societe Generale set a $95.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $86.32.

Shares of Exxon Mobil (NYSE:XOM) opened at $82.90 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 52 week low of $76.05 and a 52 week high of $91.67. The firm has a market capitalization of $350,684.06, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. equities research analysts expect that Exxon Mobil will post 3.65 EPS for the current year.

In other Exxon Mobil news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the sale, the insider now directly owns 220,000 shares in the company, valued at approximately $18,341,400. The disclosure for this sale can be found here. Insiders sold 62,013 shares of company stock worth $5,084,352 in the last three months. 0.08% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Doyle Wealth Management boosted its stake in shares of Exxon Mobil by 2.7% during the second quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after acquiring an additional 6,921 shares during the last quarter. Shell Asset Management Co. boosted its stake in shares of Exxon Mobil by 1.6% during the second quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock valued at $65,262,000 after acquiring an additional 12,362 shares during the last quarter. Holderness Investments Co. boosted its stake in shares of Exxon Mobil by 48.1% during the first quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after acquiring an additional 15,687 shares during the last quarter. Baldwin Brothers Inc. MA boosted its stake in shares of Exxon Mobil by 14.4% during the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock valued at $8,472,000 after acquiring an additional 13,206 shares during the last quarter. Finally, Strategic Financial Group LLC boosted its stake in shares of Exxon Mobil by 21.9% during the first quarter. Strategic Financial Group LLC now owns 9,907 shares of the oil and gas company’s stock valued at $812,000 after acquiring an additional 1,778 shares during the last quarter. 51.18% of the stock is currently owned by institutional investors.

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About Exxon Mobil

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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