Exxon Mobil (NYSE:XOM) had its price target decreased by equities research analysts at Morgan Stanley from $84.00 to $83.00 in a research note issued on Friday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the oil and gas company’s stock. Morgan Stanley’s target price points to a potential upside of 6.92% from the company’s previous close.

Other analysts also recently issued research reports about the company. Berenberg Bank set a €23.50 ($27.33) price objective on Rhoen Klinikum and gave the company a “neutral” rating in a research report on Thursday, April 11th. Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a research report on Monday, April 29th. Credit Suisse Group reiterated a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Tudor Pickering initiated coverage on Exxon Mobil in a research report on Monday, April 8th. They issued a “hold” rating and a $82.49 price objective for the company. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $137.00 target price on shares of Continental in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $84.71.

Shares of XOM stock opened at $77.63 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. Exxon Mobil has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The company has a 50 day moving average of $75.07. The company has a market capitalization of $328.21 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.88 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The company had revenue of $63.63 billion during the quarter, compared to the consensus estimate of $67.35 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil will post 3.78 EPS for the current year.

In other news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the transaction, the vice president now directly owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC grew its stake in Exxon Mobil by 625.3% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 469 shares during the period. Evolution Wealth Advisors LLC purchased a new stake in Exxon Mobil in the second quarter worth $45,000. INR Advisory Services LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $43,000. Interactive Financial Advisors purchased a new stake in Exxon Mobil in the first quarter worth $65,000. Finally, Pecaut & CO. purchased a new stake in Exxon Mobil in the first quarter worth $301,000. 54.54% of the stock is currently owned by institutional investors.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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