Exxon Mobil Corporation (NYSE:XOM) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Friday. They presently have a $85.17 target price on the oil and gas company’s stock. Vetr‘s price target points to a potential upside of 3.84% from the stock’s previous close.

XOM has been the subject of a number of other reports. Zacks Investment Research upgraded Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. BNP Paribas restated a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Morgan Stanley set a $81.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Finally, Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.75.

Shares of Exxon Mobil Corporation (NYSE XOM) opened at 82.02 on Friday. The company has a 50 day moving average price of $79.01 and a 200 day moving average price of $80.74. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a market cap of $347.53 billion, a PE ratio of 29.57 and a beta of 0.82.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. On average, equities analysts expect that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.

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In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Beacon Financial Group raised its holdings in Exxon Mobil Corporation by 1.1% in the 3rd quarter. Beacon Financial Group now owns 185,722 shares of the oil and gas company’s stock valued at $15,225,000 after acquiring an additional 2,021 shares in the last quarter. McQueen Ball & Associates Inc. raised its holdings in Exxon Mobil Corporation by 6.0% in the 3rd quarter. McQueen Ball & Associates Inc. now owns 23,637 shares of the oil and gas company’s stock valued at $1,938,000 after acquiring an additional 1,342 shares in the last quarter. Centre Asset Management LLC acquired a new position in Exxon Mobil Corporation in the 3rd quarter valued at $11,189,000. Eqis Capital Management Inc. raised its holdings in Exxon Mobil Corporation by 34.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 42,040 shares of the oil and gas company’s stock valued at $3,446,000 after acquiring an additional 10,745 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its holdings in Exxon Mobil Corporation by 101.1% in the 3rd quarter. Curbstone Financial Management Corp now owns 67,408 shares of the oil and gas company’s stock valued at $5,526,000 after acquiring an additional 33,887 shares in the last quarter. 50.74% of the stock is owned by hedge funds and other institutional investors.

About Exxon Mobil Corporation

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 Corporation (NYSE:XOM)

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