Todays Report: The Exxon Mobil Corp. (XOM) PT Set at $91.00 by HSBC

The Exxon Mobil Corp. (XOM) PT Set at $91.00 by HSBC

Exxon Mobil Corp. (NYSE:XOM) has been given a $91.00 price target by research analysts at HSBC in a report issued on Tuesday. The firm currently has a a “neutral” rating on the stock. HSBC’s target price indicates a potential upside of 4.44% from the stock’s previous close.

Several other brokerages have also recently issued reports on XOM. Zacks Investment Research raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Tuesday, July 5th. Morgan Stanley set a $95.00 target price on shares of Exxon Mobil Corp. and gave the stock a “sell” rating in a report on Monday, June 13th. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 target price for the company in a report on Tuesday, September 13th. Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. Finally, Morningstar Inc. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. Exxon Mobil Corp. presently has a consensus rating of “Hold” and a consensus price target of $87.54.

Exxon Mobil Corp. (NYSE:XOM) opened at 87.13 on Tuesday. The firm has a 50-day moving average price of $86.27 and a 200 day moving average price of $88.37. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The firm has a market capitalization of $361.30 billion, a PE ratio of 34.60 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. The company 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 company’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 EPS. Analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current fiscal year.

In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the transaction, the vice president now directly owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in 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 period. Emerald Acquisition Ltd. bought a new stake in Exxon Mobil Corp. during the second quarter worth about $441,823,000. Capital World Investors increased its stake in Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock worth $1,426,817,000 after buying an additional 4,480,000 shares during the period. Acadian Asset Management LLC increased its stake in Exxon Mobil Corp. by 4,948.6% in the second quarter. Acadian Asset Management LLC now owns 3,736,088 shares of the company’s stock worth $350,220,000 after buying an additional 3,662,086 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock worth $1,605,194,000 after buying an additional 3,229,704 shares during the period. 50.42% of the stock is currently owned by institutional investors.

About Exxon Mobil Corp.

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