ExxonMobil (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by research analysts at HSBC in a note issued to investors on Monday. They presently have a $88.00 target price on the oil and gas company’s stock. HSBC’s price target would suggest a potential upside of 7.59% from the stock’s current price.
Several other research analysts have also recently commented on XOM. Goldman Sachs reiterated a “neutral” rating and issued a $83.00 target price on shares of ExxonMobil in a report on Monday, April 30th. ValuEngine upgraded shares of ExxonMobil from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Credit Suisse Group set a $82.00 target price on shares of ExxonMobil and gave the stock a “hold” rating in a report on Friday, April 27th. UBS reiterated a “neutral” rating and issued a $83.00 target price on shares of ExxonMobil in a report on Monday, April 23rd. Finally, Vetr cut shares of ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $81.94 target price for the company. in a report on Tuesday, April 10th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.66.
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Shares of ExxonMobil opened at $81.79 on Monday, according to Marketbeat. ExxonMobil has a one year low of $81.40 and a one year high of $82.02. The stock has a market capitalization of $344.42 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.16 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.11.
ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, April 27th. The oil and gas company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.05). ExxonMobil had a return on equity of 8.22% and a net margin of 7.72%. The firm had revenue of $68.21 billion during the quarter, compared to analyst estimates of $61.49 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. analysts anticipate that ExxonMobil will post 4.68 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank raised its position in shares of ExxonMobil by 5.5% in the third quarter. Toronto Dominion Bank now owns 1,817,503 shares of the oil and gas company’s stock valued at $148,994,000 after purchasing an additional 95,071 shares during the period. Gratus Capital LLC raised its position in shares of ExxonMobil by 2.7% in the third quarter. Gratus Capital LLC now owns 110,068 shares of the oil and gas company’s stock valued at $9,023,000 after purchasing an additional 2,918 shares during the period. B. Riley Financial Inc. bought a new position in shares of ExxonMobil in the third quarter valued at approximately $429,000. West Coast Financial LLC raised its position in shares of ExxonMobil by 37.0% in the third quarter. West Coast Financial LLC now owns 67,185 shares of the oil and gas company’s stock valued at $5,508,000 after purchasing an additional 18,133 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of ExxonMobil by 205.2% in the third quarter. Chicago Partners Investment Group LLC now owns 23,178 shares of the oil and gas company’s stock valued at $1,900,000 after purchasing an additional 15,584 shares during the period. 53.25% of the stock is currently owned by hedge funds and other institutional investors.
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.