Exxon Mobil (NYSE:XOM) has been given a $70.00 price target by Macquarie in a research note issued to investors on Tuesday. The brokerage currently has a “sell” rating on the oil and gas company’s stock. Macquarie’s target price indicates a potential downside of 16.48% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Societe Generale restated a “buy” rating and set a $87.00 price target on shares of Exxon Mobil in a research note on Tuesday, March 13th. JPMorgan Chase & Co. set a $88.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday. ValuEngine upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Royal Bank of Canada restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Wednesday, June 13th. Finally, HSBC restated a “buy” rating and set a $88.00 price target on shares of Exxon Mobil in a research note on Monday, May 14th. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $86.40.
Get Exxon Mobil alerts:Exxon Mobil stock traded up $0.91 during trading hours on Tuesday, reaching $83.81. The stock had a trading volume of 235,635 shares, compared to its average volume of 10,966,176. Exxon Mobil has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a market capitalization of $348.87 billion, a PE ratio of 23.35, a P/E/G ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.50 and a current ratio of 0.80.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.05). Exxon Mobil had a return on equity of 8.22% and a net margin of 7.72%. The business had revenue of $68.21 billion for the quarter, compared to analysts’ expectations of $61.49 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. Exxon Mobil’s revenue was up 2.5% on a year-over-year basis. equities analysts predict that Exxon Mobil will post 4.88 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Macroview Investment Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $102,000. Corbyn Investment Management Inc. MD acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $110,000. KHP Capital LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $111,000. Clearwater Capital Advisors LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $122,000. Finally, Trilogy Capital Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $149,000. Institutional investors and hedge funds own 51.86% of the company’s stock.
Exxon Mobil Company Profile
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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