The BNP Paribas Analysts Give Exxon Mobil Corp. (XOM) a $80.00 Price Target

The BNP Paribas Analysts Give Exxon Mobil Corp. (XOM) a $80.00 Price Target

BNP Paribas set a $80.00 target price on Exxon Mobil Corp. (NYSE:XOM) in a report issued on Tuesday morning. The brokerage currently has a a sell rating on the stock.

Other equities analysts also recently issued reports about the stock. Barclays PLC decreased their price target on shares of Exxon Mobil Corp. to $100.00 in a research note on Monday, August 1st. Vetr raised shares of Exxon Mobil Corp. from a hold rating to a buy rating and set a $95.77 price target on the stock in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. set a $102.00 price target on shares of Exxon Mobil Corp. and gave the stock a buy rating in a research note on Thursday, July 14th. Zacks Investment Research raised shares of Exxon Mobil Corp. from a hold rating to a buy rating and set a $105.00 target price on the stock in a research note on Tuesday, July 5th. Finally, Societe Generale set a $105.00 target price on shares of Exxon Mobil Corp. and gave the stock a buy rating in a research note on Monday, August 15th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $87.92.

Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 86.56 on Tuesday. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55. The stock has a 50 day moving average of $86.23 and a 200 day moving average of $88.35. The stock has a market cap of $358.93 billion, a PE ratio of 34.38 and a beta of 0.83.

Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The business earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business’s quarterly revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. On average, equities analysts anticipate that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.

In related news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction on 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 completion of the sale, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in XOM. Vanguard Group Inc. increased its position in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock worth $9,286,480,000 after buying an additional 1,455,454 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Exxon Mobil Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 62,193,667 shares of the company’s stock worth $5,830,034,000 after buying an additional 2,524,527 shares during the last quarter. BlackRock Group LTD increased its position in shares of Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock worth $3,263,159,000 after buying an additional 177,918 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock worth $2,036,082,000 after buying an additional 869,112 shares during the last quarter. Institutional investors own 50.42% of the company’s stock.

About Exxon Mobil Corp.

Related posts

Leave a Comment