Exxon Mobil (XOM) Upgraded at Vetr
Exxon Mobil (NYSE:XOM) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday. The firm currently has a $92.50 price objective on the oil and gas company’s stock. Vetr‘s target price points to a potential upside of 12.42% from the company’s current price.
Other equities analysts have also issued research reports about the company. TheStreet raised Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays set a $91.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday, October 10th. Cowen reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Tuesday, September 19th. Societe Generale set a $95.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Thursday, October 26th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $86.14.
Exxon Mobil (NYSE XOM) opened at $82.28 on Thursday. Exxon Mobil has a one year low of $76.05 and a one year high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $354,094.94, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the 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 firm had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. equities research analysts expect that Exxon Mobil will post 3.65 EPS for the current fiscal year.
In related news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction that occurred 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. In the last three months, insiders sold 42,513 shares of company stock worth $3,465,657. 0.08% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. CWH Capital Management Inc. bought a new position in Exxon Mobil in the second quarter valued at approximately $114,000. Horan Securities Inc. grew its stake in Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares in the last quarter. Litman Gregory Asset Management LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $131,000. Watermark Asset Management Inc. bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $136,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares during the period. 51.18% of the stock is currently owned by institutional investors and hedge funds.
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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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