Exxon Mobil (NYSE:XOM) has been given a $90.00 price objective by research analysts at Jefferies Group in a research note issued on Friday. The firm presently has a “neutral” rating on the oil and gas company’s stock. Jefferies Group’s price objective would suggest a potential upside of 3.27% from the company’s current price. Jefferies Group also issued estimates for Exxon Mobil’s FY2017 earnings at $3.76 EPS, FY2018 earnings at $4.70 EPS, FY2019 earnings at $4.48 EPS and FY2020 earnings at $5.07 EPS.
Several other research analysts have also recently weighed in on the stock. Howard Weil upgraded shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a report on Friday, December 22nd. Vetr upgraded shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price target for the company in a report on Thursday, December 7th. Goldman Sachs Group set a $86.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. UBS Group set a $83.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada cut their price objective on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 16th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $86.71.
Exxon Mobil (XOM) opened at $87.15 on Friday. The firm has a market cap of $369,260.00, a P/E ratio of 28.39, a PEG ratio of 1.34 and a beta of 0.82. Exxon Mobil has a 1-year low of $76.05 and a 1-year high of $88.21. 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 (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the prior year, the company earned $0.63 earnings per share. sell-side analysts expect that Exxon Mobil will post 3.68 EPS for the current fiscal year.
In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders have sold 51,357 shares of company stock worth $4,273,910 over the last ninety days. Insiders own 0.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Grubman Wealth Management raised its stake in shares of Exxon Mobil by 21.7% during the 2nd quarter. Grubman Wealth Management now owns 3,944 shares of the oil and gas company’s stock worth $318,000 after purchasing an additional 702 shares during the period. Perkins Coie Trust Co raised its stake in shares of Exxon Mobil by 47.6% during the 2nd quarter. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company’s stock worth $790,000 after purchasing an additional 3,154 shares during the period. City Holding Co. raised its stake in shares of Exxon Mobil by 8.4% during the 2nd quarter. City Holding Co. now owns 57,478 shares of the oil and gas company’s stock worth $4,639,000 after purchasing an additional 4,450 shares during the period. Oakmont Partners LLC raised its stake in shares of Exxon Mobil by 12.4% during the 2nd quarter. Oakmont Partners LLC now owns 8,241 shares of the oil and gas company’s stock worth $665,000 after purchasing an additional 911 shares during the period. Finally, Dynamic Advisors Solutions LLC raised its stake in shares of Exxon Mobil by 46.6% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 17,432 shares of the oil and gas company’s stock worth $1,407,000 after purchasing an additional 5,538 shares during the period. 51.06% of the stock is currently owned by hedge funds and other institutional investors.
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Exxon Mobil 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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