Exxon Mobil (NYSE:XOM) had its price objective raised by BMO Capital Markets to $85.00 in a report published on Wednesday morning. BMO Capital Markets currently has a market perform rating on the oil and gas company’s stock.

Several other equities research analysts also recently issued reports on the company. Howard Weil raised Exxon Mobil from an outperform rating to a focus list rating in a report on Friday, December 22nd. Vetr raised Exxon Mobil from a buy rating to a strong-buy rating and set a $92.50 price target for the company in a report on Thursday, December 7th. Goldman Sachs Group set a $86.00 price target on Exxon Mobil and gave the company a neutral rating in a report on Monday, October 30th. UBS Group set a $83.00 price target on Exxon Mobil and gave the company a neutral rating in a report on Monday, December 4th. Finally, Royal Bank of Canada cut their price target on Exxon Mobil from $90.00 to $85.00 and set a sector perform rating for the company in a report on Thursday, November 16th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $86.54.

Shares of Exxon Mobil (NYSE:XOM) traded up $0.85 during trading on Wednesday, reaching $86.93. The company’s stock had a trading volume of 14,358,200 shares, compared to its average volume of 11,200,000. Exxon Mobil has a fifty-two week low of $76.05 and a fifty-two week high of $87.41. The firm has a market cap of $368,330.00, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter last year, the firm posted $0.63 EPS. sell-side analysts expect that Exxon Mobil will post 3.66 EPS for the current year.

In related news, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the transaction, the insider now owns 220,000 shares in the company, valued at approximately $18,341,400. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 in the last quarter. Company insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Management Advisors LLC grew its position in Exxon Mobil by 0.3% in the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 7 shares during the last quarter. Jag Capital Management LLC grew its position in Exxon Mobil by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after acquiring an additional 26 shares during the last quarter. C M Bidwell & Associates Ltd. grew its position in Exxon Mobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after acquiring an additional 30 shares during the last quarter. Lehman Financial Resources Inc. grew its position in Exxon Mobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after acquiring an additional 35 shares during the last quarter. Finally, Intellectus Partners LLC grew its position in Exxon Mobil by 0.7% in the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 51.05% of the company’s stock.

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About Exxon Mobil

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 (NYSE:XOM)

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