Macquarie restated their sell rating on shares of Exxon Mobil (NYSE:XOM) in a research report report published on Friday. Macquarie currently has a $70.00 price objective on the oil and gas company’s stock.

XOM has been the topic of a number of other reports. HSBC reaffirmed a buy rating and set a $93.50 price objective on shares of Exxon Mobil in a report on Monday, July 16th. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the company a buy rating in a report on Monday, August 6th. Credit Suisse Group reaffirmed a neutral rating and set a $80.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 2nd. Jefferies Financial Group set a $87.00 price objective on Exxon Mobil and gave the company a neutral rating in a report on Friday, September 14th. Finally, UBS Group set a $85.00 price objective on Exxon Mobil and gave the company a neutral rating in a report on Friday, July 20th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $87.08.

NYSE XOM opened at $81.97 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. The company has a market cap of $347.34 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.35 and a beta of 0.87. Exxon Mobil has a 1-year low of $72.15 and a 1-year high of $89.30.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, sell-side analysts predict that Exxon Mobil will post 4.58 EPS for the current year.

In other news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of XOM. FMR LLC raised its position in Exxon Mobil by 37.8% in the 2nd quarter. FMR LLC now owns 33,955,341 shares of the oil and gas company’s stock worth $2,809,126,000 after purchasing an additional 9,318,782 shares during the last quarter. First Eagle Investment Management LLC raised its position in Exxon Mobil by 43.0% in the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after purchasing an additional 5,440,412 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in Exxon Mobil in the 2nd quarter worth approximately $394,412,000. Standard Life Aberdeen plc raised its position in Exxon Mobil by 145.3% in the 2nd quarter. Standard Life Aberdeen plc now owns 7,858,127 shares of the oil and gas company’s stock worth $650,889,000 after purchasing an additional 4,654,288 shares during the last quarter. Finally, BlackRock Inc. raised its position in Exxon Mobil by 1.7% in the 2nd quarter. BlackRock Inc. now owns 265,206,204 shares of the oil and gas company’s stock worth $21,940,509,000 after purchasing an additional 4,384,093 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

About Exxon Mobil

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; and transports and sells crude oil, natural gas, and petroleum products.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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