Credit Suisse Group set a $80.00 target price on Exxon Mobil (NYSE:XOM) in a report published on Friday morning. The brokerage currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts have also commented on XOM. Wells Fargo & Co reaffirmed a neutral rating and issued a $82.00 price objective on shares of Exxon Mobil in a research note on Thursday, June 21st. Royal Bank of Canada set a $100.00 price objective on Exxon Mobil and gave the stock a buy rating in a research note on Thursday, June 21st. Goldman Sachs Group reaffirmed a neutral rating and issued a $85.00 price objective on shares of Exxon Mobil in a research note on Thursday, June 21st. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $88.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Finally, Macquarie reaffirmed a sell rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil has an average rating of Hold and a consensus price target of $87.08.

Shares of XOM stock traded up $0.12 during mid-day trading on Friday, reaching $81.97. 11,672,631 shares of the stock traded hands, compared to its average volume of 12,633,119. Exxon Mobil has a 1-year low of $72.15 and a 1-year high of $89.30. The firm has a market capitalization of $346.84 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.35 and a beta of 0.87. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). The firm 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 business’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 business posted $0.78 earnings per share. On average, sell-side analysts predict that Exxon Mobil will post 4.57 earnings per share for the current fiscal year.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil 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 completion of the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. FMR LLC increased its holdings in shares of Exxon Mobil by 37.8% during the second quarter. FMR LLC now owns 33,955,341 shares of the oil and gas company’s stock valued at $2,809,126,000 after acquiring an additional 9,318,782 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Exxon Mobil by 43.0% during the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after acquiring an additional 5,440,412 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $394,412,000. Standard Life Aberdeen plc grew its holdings in Exxon Mobil by 145.3% during the second quarter. Standard Life Aberdeen plc now owns 7,858,127 shares of the oil and gas company’s stock worth $650,889,000 after buying an additional 4,654,288 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Exxon Mobil by 1.7% during the second quarter. BlackRock Inc. now owns 265,206,204 shares of the oil and gas company’s stock worth $21,940,509,000 after buying an additional 4,384,093 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

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 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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