Exxon Mobil (NYSE:XOM) Earns Sector Perform Rating from Royal Bank of Canada

Exxon Mobil (NYSE:XOM)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a report issued on Thursday,Benzinga reports. They presently have a $115.00 price objective on the oil and gas company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 3.75% from the company’s current price.

XOM has been the topic of a number of other reports. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.84.

Exxon Mobil Trading Down 0.9 %

Shares of Exxon Mobil stock opened at $110.84 on Thursday. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $487.15 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The firm has a 50-day simple moving average of $119.13 and a two-hundred day simple moving average of $116.40.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. As a group, equities analysts predict that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently bought and sold shares of the company. Patron Partners LLC increased its stake in shares of Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after acquiring an additional 2,564 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL raised its position in Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after purchasing an additional 379,747 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.