ExxonMobil (XOM) Rating Reiterated by HSBC

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.

Get ExxonMobil alerts:

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.

About ExxonMobil

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.

Analyst Recommendations for ExxonMobil (NYSE:XOM)