XOM has been the subject of a number of other reports. Vetr cut shares of Exxon Mobil Corp. from a buy rating to a hold rating and set a $89.16 price target for the company. in a research report on Wednesday, September 28th. Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the company a buy rating in a report on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price objective on shares of Exxon Mobil Corp. and gave the company a buy rating in a report on Monday, August 1st. Barclays PLC restated an equal weight rating and issued a $102.00 price objective on shares of Exxon Mobil Corp. in a report on Thursday, July 28th. Finally, Morningstar Inc. restated a neutral rating on shares of Exxon Mobil Corp. in a report on Wednesday, August 24th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $87.92.
Exxon Mobil Corp. (NYSE:XOM) opened at 86.56 on Tuesday. The firm has a market cap of $358.93 billion, a price-to-earnings ratio of 34.38 and a beta of 0.83. The firm’s 50-day moving average is $86.23 and its 200-day moving average is $88.35. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. Exxon Mobil Corp.’s revenue was down 22.2% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in XOM. Edgar Lomax Co. VA raised its stake in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares in the last quarter. Gofen & Glossberg LLC IL raised its stake in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock valued at $57,668,000 after buying an additional 1,572 shares in the last quarter. Lodestar Investment Counsel LLC IL raised its stake in Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock valued at $21,802,000 after buying an additional 8,293 shares in the last quarter. British Columbia Investment Management Corp raised its stake in Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock valued at $179,812,000 after buying an additional 9,739 shares in the last quarter. Finally, Peddock Capital Advisors LLC raised its stake in Exxon Mobil Corp. by 16.0% in the second quarter. Peddock Capital Advisors LLC now owns 834,564 shares of the company’s stock valued at $78,232,000 after buying an additional 115,015 shares in the last quarter. Institutional investors and hedge funds own 50.42% of the company’s stock.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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