Exxon Mobil (XOM) PT Raised to $80.00 at Wells Fargo & Co

Exxon Mobil (NYSE:XOM) had its price objective raised by analysts at Wells Fargo & Co from $76.00 to $80.00 in a research note issued on Wednesday, April 3rd, AnalystRatings.com reports. The brokerage presently has a “market perform” rating on the oil and gas company’s stock. Wells Fargo & Co‘s target price indicates a potential downside of 0.61% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank of Canada set a $95.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Friday, February 1st. HSBC reaffirmed a “buy” rating and issued a $82.00 target price on shares of Exxon Mobil in a research report on Monday, January 14th. Societe Generale reduced their target price on shares of Exxon Mobil from $92.00 to $84.00 and set a “buy” rating on the stock in a research report on Wednesday, December 19th. Argus reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Finally, Bank of America set a $105.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $84.86.

NYSE XOM traded down $1.73 during trading on Wednesday, hitting $80.49. The company had a trading volume of 17,258,657 shares, compared to its average volume of 12,281,501. The company has a current ratio of 0.84, a quick ratio of 0.51 and a debt-to-equity ratio of 0.10. Exxon Mobil has a one year low of $64.65 and a one year high of $87.36. The firm has a market capitalization of $353.32 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The company had revenue of $63.63 billion during the quarter, compared to the consensus estimate of $67.35 billion. During the same quarter last year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil will post 4.29 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Associates Ltd. raised its stake in Exxon Mobil by 0.3% during the 2nd quarter. Pinnacle Associates Ltd. now owns 223,765 shares of the oil and gas company’s stock worth $18,512,000 after acquiring an additional 739 shares during the period. Payden & Rygel raised its stake in Exxon Mobil by 2.7% during the 2nd quarter. Payden & Rygel now owns 237,936 shares of the oil and gas company’s stock worth $19,684,000 after acquiring an additional 6,200 shares during the period. Sunbelt Securities Inc. raised its stake in Exxon Mobil by 77.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 36,594 shares of the oil and gas company’s stock worth $3,027,000 after acquiring an additional 15,918 shares during the period. Montag A & Associates Inc. raised its stake in Exxon Mobil by 6.5% during the 2nd quarter. Montag A & Associates Inc. now owns 113,775 shares of the oil and gas company’s stock worth $9,413,000 after acquiring an additional 6,924 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Exxon Mobil by 10.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 29,798 shares of the oil and gas company’s stock worth $2,446,000 after acquiring an additional 2,731 shares during the period. Institutional investors and hedge funds own 54.62% of the company’s stock.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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