Trade Report: The Exxon Mobil Corp. (XOM) Now Covered by Analysts at Exane BNP Paribas

The Exxon Mobil Corp. (XOM) Now Covered by Analysts at Exane BNP Paribas

Exane BNP Paribas initiated coverage on shares of Exxon Mobil Corp. (NYSE:XOM) in a report issued on Monday. The firm issued an underperform rating and a $80.00 price objective on the stock.

Other research analysts have also recently issued research reports about the stock. Barclays PLC dropped their price objective on shares of Exxon Mobil Corp. to $100.00 in a report on Monday, August 1st. Vetr upgraded shares of Exxon Mobil Corp. from a hold rating to a buy rating and set a $95.77 price objective for the company in a report on Tuesday, July 26th. Goldman Sachs Group Inc. set a $102.00 price objective on shares of Exxon Mobil Corp. and gave the company a buy rating in a report on Thursday, July 14th. Zacks Investment Research upgraded shares of Exxon Mobil Corp. from a hold rating to a buy rating and set a $105.00 price objective for the company in a report on Tuesday, July 5th. Finally, Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the company a buy rating in a report 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. Exxon Mobil Corp. presently has an average rating of Hold and an average target price of $87.92.

Exxon Mobil Corp. (NYSE:XOM) opened at 86.56 on Monday. The firm has a market cap of $358.93 billion, a price-to-earnings ratio of 34.38 and a beta of 0.83. The firm’s 50-day moving average is $86.23 and its 200-day moving average is $88.35. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55.

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

In related news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Edgar Lomax Co. VA raised its stake in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares in the last quarter. Gofen & Glossberg LLC IL raised its position in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock worth $57,668,000 after buying an additional 1,572 shares during the period. Lodestar Investment Counsel LLC IL raised its position in Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock worth $21,802,000 after buying an additional 8,293 shares during the period. British Columbia Investment Management Corp raised its position in Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock worth $179,812,000 after buying an additional 9,739 shares during the period. Finally, Peddock Capital Advisors LLC raised its position in Exxon Mobil Corp. by 16.0% in the second quarter. Peddock Capital Advisors LLC now owns 834,564 shares of the company’s stock worth $78,232,000 after buying an additional 115,015 shares during the period. Institutional investors and hedge funds own 50.42% of the company’s stock.

About Exxon Mobil Corp.

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