Exxon Mobil (NYSE:XOM) Price Target Cut to $83.00
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.
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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