Exxon Mobil Corporation (XOM) Lowered to “Hold” at Vetr Inc.

Vetr cut shares of Exxon Mobil Corporation (NYSE:XOM) from a buy rating to a hold rating in a research note published on Friday, October 6th. Vetr currently has $85.17 price objective on the oil and gas company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a buy rating in a research note on Saturday, June 17th. Royal Bank Of Canada reiterated a buy rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a report on Thursday, June 15th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a buy rating in a report on Friday, July 14th. Barclays PLC set a $94.00 price objective on shares of Exxon Mobil Corporation and gave the stock a buy rating in a report on Monday, August 21st. Finally, Cowen and Company reaffirmed a buy rating and issued a $100.00 target price on shares of Exxon Mobil Corporation in a research report on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $84.94.

Exxon Mobil Corporation (XOM) opened at 82.81 on Friday. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The firm’s 50-day moving average price is $80.09 and its 200 day moving average price is $80.75. The company has a market capitalization of $350.87 billion, a price-to-earnings ratio of 29.85 and a beta of 0.82.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the prior year, the firm earned $0.41 EPS. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Corporation will post $3.45 EPS for the current fiscal year.

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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s 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 completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Beacon Financial Group boosted its position in Exxon Mobil Corporation by 1.1% in the 3rd quarter. Beacon Financial Group now owns 185,722 shares of the oil and gas company’s stock worth $15,225,000 after purchasing an additional 2,021 shares in the last quarter. McQueen Ball & Associates Inc. raised its stake in shares of Exxon Mobil Corporation by 6.0% during the 3rd quarter. McQueen Ball & Associates Inc. now owns 23,637 shares of the oil and gas company’s stock worth $1,938,000 after buying an additional 1,342 shares during the period. Centre Asset Management LLC acquired a new position in shares of Exxon Mobil Corporation during the 3rd quarter worth approximately $11,189,000. Eqis Capital Management Inc. raised its stake in shares of Exxon Mobil Corporation by 34.3% during the 3rd quarter. Eqis Capital Management Inc. now owns 42,040 shares of the oil and gas company’s stock worth $3,446,000 after buying an additional 10,745 shares during the period. Finally, Curbstone Financial Management Corp raised its stake in shares of Exxon Mobil Corporation by 101.1% during the 3rd quarter. Curbstone Financial Management Corp now owns 67,408 shares of the oil and gas company’s stock worth $5,526,000 after buying an additional 33,887 shares during the period. Institutional investors and hedge funds own 50.73% of the company’s stock.

Exxon Mobil Corporation 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Exxon Mobil Corporation (NYSE:XOM)

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