Royal Bank of Canada Reiterates “Sector Perform” Rating for Exxon Mobil (NYSE:XOM)

Exxon Mobil (NYSE:XOM)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a research note issued to investors on Monday,Benzinga reports. They currently have a $115.00 target price on the oil and gas company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 4.60% from the company’s current price.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 2.7 %

NYSE XOM opened at $109.95 on Monday. The stock’s 50 day simple moving average is $110.10 and its 200 day simple moving average is $115.13. Exxon Mobil has a one year low of $100.42 and a one year high of $126.34. The firm has a market cap of $483.22 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company posted $2.48 EPS. As a group, sell-side analysts forecast that Exxon Mobil will post 7.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in the business. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $47,000. Compass Financial Services Inc bought a new position in Exxon Mobil during the fourth quarter worth about $48,000. Finally, Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.