Wolfe Research downgraded shares of Exxon Mobil Corporation (NYSE:XOM) from a market perform rating to an underperform rating in a research note published on Monday morning.

Other equities analysts have also issued reports about the stock. UBS AG set a $77.00 price objective on shares of Exxon Mobil Corporation and gave the company a sell rating in a research report on Tuesday, April 25th. Argus reissued a focus list rating and issued a $104.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a buy rating in a research report on Saturday, June 17th. Simmons increased their price objective on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the company a neutral rating in a research report on Wednesday, April 19th. Finally, Hilliard Lyons began coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They issued a term buy rating and a $90.00 price objective on the stock. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation has an average rating of Hold and a consensus target price of $85.74.

Exxon Mobil Corporation (NYSE:XOM) opened at 80.86 on Monday. The stock’s 50 day moving average is $81.25 and its 200 day moving average is $82.50. The company has a market cap of $342.63 billion, a P/E ratio of 33.73 and a beta of 0.82. Exxon Mobil Corporation has a 12-month low of $79.26 and a 12-month high of $94.29.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The company had revenue of $63.29 billion for the quarter, compared to analyst estimates of $64.88 billion. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. The company’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.53 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the company. Rosenbaum Jay D. increased its stake in Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock valued at $1,473,000 after buying an additional 1,725 shares in the last quarter. Barber Financial Group Inc. acquired a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $1,726,000. Gyroscope Capital Management Group LLC increased its stake in Exxon Mobil Corporation by 49.1% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 26,823 shares of the oil and gas company’s stock valued at $2,421,000 after buying an additional 8,829 shares in the last quarter. Tyers Asset Management LLC acquired a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $12,144,000. Finally, Glenview Trust Co acquired a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $25,797,000. Institutional investors and hedge funds own 50.54% of the company’s stock.

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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