Exxon Mobil (XOM) Rating Reiterated by Raymond James

Exxon Mobil (NYSE:XOM)‘s stock had its “sell” rating reiterated by equities research analysts at Raymond James in a research note issued on Sunday.

XOM has been the topic of several other research reports. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, August 22nd. HSBC reaffirmed a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a research note on Wednesday, September 12th. Wolfe Research raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. Credit Suisse Group set a $80.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Finally, Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Monday, October 1st. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $86.82.

Shares of XOM opened at $81.22 on Friday. Exxon Mobil has a twelve month low of $72.15 and a twelve month high of $89.30. The firm has a market capitalization of $336.88 billion, a PE ratio of 22.62, a PEG ratio of 2.26 and a beta of 0.84. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil will post 4.71 earnings per share for the current year.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert N. Schleckser sold 7,855 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.91, for a total transaction of $619,838.05. Following the transaction, the vice president now directly owns 207,940 shares in the company, valued at approximately $16,408,545.40. The disclosure for this sale can be found here. Insiders have sold a total of 32,377 shares of company stock worth $2,626,758 in the last three months. Insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kwmg LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $102,000. WESPAC Advisors SoCal LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $110,000. Clearwater Capital Advisors LLC bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $122,000. Camarda Financial Advisors LLC boosted its holdings in shares of Exxon Mobil by 175.2% in the 3rd quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 1,167 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its holdings in shares of Exxon Mobil by 112.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 1,000 shares in the last quarter. 53.33% of the stock is currently owned by institutional investors and hedge funds.

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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