Exxon Mobil Corporation (NYSE:XOM) received a $85.00 price objective from analysts at Morgan Stanley in a note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the oil and gas company’s stock. Morgan Stanley’s target price would indicate a potential upside of 2.71% from the company’s current price.

XOM has been the topic of a number of other research reports. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a report on Friday, October 6th. Royal Bank Of Canada set a $90.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Monday, September 18th. J P Morgan Chase & Co restated a “neutral” rating and set a $80.00 price target (down previously from $81.00) on shares of Exxon Mobil Corporation in a report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price target on Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Monday, August 21st. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $85.19.

Shares of Exxon Mobil Corporation (XOM) opened at 82.76 on Tuesday. The stock has a 50 day moving average price of $80.54 and a 200 day moving average price of $80.76. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The firm has a market cap of $350.66 billion, a PE ratio of 29.83 and a beta of 0.82.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities analysts expect that Exxon Mobil Corporation will post $3.48 earnings per share for the current year.

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In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Asset Management Advisors LLC lifted its position in Exxon Mobil Corporation by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 7 shares in the last quarter. Horizon Investment Services LLC lifted its position in Exxon Mobil Corporation by 0.4% in the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 20 shares in the last quarter. Jag Capital Management LLC lifted its position in Exxon Mobil Corporation by 0.5% in the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after acquiring an additional 26 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its position in Exxon Mobil Corporation by 1.3% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after acquiring an additional 30 shares in the last quarter. Finally, Lehman Financial Resources Inc. lifted its position in Exxon Mobil Corporation by 0.5% in the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after acquiring an additional 35 shares in the last quarter. 50.73% of the stock is currently owned by institutional investors and hedge funds.

About Exxon Mobil Corporation

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Analyst Recommendations for Exxon Mobil Corporation (NYSE:XOM)

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