Berenberg Bank Reiterates Neutral Rating for Exxon Mobil (XOM)

Exxon Mobil (NYSE:XOM)‘s stock had its “neutral” rating reiterated by analysts at Berenberg Bank in a report issued on Wednesday. They presently have a $76.00 price target on the oil and gas company’s stock. Berenberg Bank’s price target indicates a potential upside of 5.48% from the company’s previous close.

Several other research analysts also recently weighed in on XOM. Societe Generale set a $92.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Monday, October 1st. HSBC reissued a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a report on Wednesday, September 12th. Finally, UBS Group set a $87.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Friday, September 14th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $85.33.

Shares of XOM stock opened at $72.05 on Wednesday. The firm has a market capitalization of $301.50 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. Exxon Mobil has a 52 week low of $64.65 and a 52 week high of $89.30. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.



Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The company had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. During the same period last year, the business earned $0.93 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil will post 4.68 earnings per share for the current year.

In related news, insider John R. Verity sold 15,850 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $76.94, for a total value of $1,219,499.00. Following the sale, the insider now directly owns 146,350 shares in the company, valued at approximately $11,260,169. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total transaction of $1,092,600.00. Following the completion of the sale, the vice president now owns 223,461 shares in the company, valued at $16,276,899.24. The disclosure for this sale can be found here. Insiders sold a total of 58,587 shares of company stock worth $4,507,808 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Exxon Mobil by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after acquiring an additional 3,269,684 shares in the last quarter. Vanguard Group Inc lifted its holdings in Exxon Mobil by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after purchasing an additional 3,269,684 shares during the last quarter. Morgan Stanley lifted its holdings in Exxon Mobil by 19.6% during the 3rd quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after purchasing an additional 3,614,568 shares during the last quarter. Legal & General Group Plc lifted its holdings in Exxon Mobil by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 20,342,056 shares of the oil and gas company’s stock valued at $1,729,678,000 after purchasing an additional 216,323 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Exxon Mobil by 2.9% during the 2nd quarter. Swiss National Bank now owns 15,058,036 shares of the oil and gas company’s stock valued at $1,245,751,000 after purchasing an additional 423,200 shares during the last quarter. 53.18% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

Featured Story: S&P 500 Index

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply