Exxon Mobil (XOM) Earns Neutral Rating from JPMorgan Chase & Co.

Exxon Mobil (NYSE:XOM)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Thursday, October 25th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Exxon Mobil in a research report on Tuesday, October 23rd. Jefferies Financial Group set a $87.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, October 19th. Macquarie reaffirmed a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research report on Friday, October 19th. Finally, Credit Suisse Group set a $80.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, October 19th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $86.69.

Shares of Exxon Mobil stock traded up $1.07 during trading hours on Tuesday, reaching $78.12. The company’s stock had a trading volume of 6,081,754 shares, compared to its average volume of 12,790,829. Exxon Mobil has a one year low of $72.15 and a one year high of $89.30. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market cap of $328.53 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86.



In related news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.

A number of large investors have recently bought and sold shares of XOM. Macroview Investment Management LLC acquired a new position in Exxon Mobil during the 1st quarter valued at approximately $102,000. Kwmg LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth $102,000. CSat Investment Advisory L.P. acquired a new stake in shares of Exxon Mobil in the second quarter worth $108,000. Corbyn Investment Management Inc. MD acquired a new stake in shares of Exxon Mobil in the first quarter worth $110,000. Finally, WESPAC Advisors SoCal LLC acquired a new stake in shares of Exxon Mobil in the third quarter worth $110,000. 52.44% of the stock is owned by institutional investors.

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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