Exxon Mobil’s (XOM) Neutral Rating Reiterated at Berenberg Bank

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Berenberg Bank reaffirmed their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a research note released on Wednesday morning. The firm currently has a $76.00 price target on the oil and gas company’s stock.

A number of other analysts have also issued reports on XOM. JPMorgan Chase & Co. reiterated a neutral rating and set a $93.00 price target on shares of Exxon Mobil in a research note on Tuesday, September 11th. Barclays reissued a sell rating and set a $87.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. HSBC reissued a buy rating and set a $96.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 12th. UBS Group set a $87.00 price objective on Exxon Mobil and gave the stock a hold rating in a research report on Friday, September 14th. Finally, Jefferies Financial Group set a $87.00 price objective on Exxon Mobil and gave the stock a neutral rating in a research report on Friday, September 14th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Exxon Mobil has an average rating of Hold and a consensus price target of $85.33.

Shares of NYSE:XOM opened at $71.72 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83. The stock has a market cap of $306.88 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. Exxon Mobil has a 1 year low of $64.65 and a 1 year high of $89.30.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. The company had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Analysts anticipate that Exxon Mobil will post 4.64 EPS for the current fiscal year.

In related news, insider James M. Spellings, Jr. sold 9,522 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $78.41, for a total value of $746,620.02. Following the completion of the transaction, the insider now directly owns 249,122 shares of the company’s stock, valued at $19,533,656.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the transaction, the vice president now directly owns 223,461 shares of the company’s stock, valued at $16,276,899.24. The disclosure for this sale can be found here. Insiders sold 58,587 shares of company stock valued at $4,507,808 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Legacy Capital Partners Inc. raised its stake in shares of Exxon Mobil by 0.6% during the fourth quarter. Legacy Capital Partners Inc. now owns 44,725 shares of the oil and gas company’s stock worth $3,050,000 after purchasing an additional 275 shares during the last quarter. Plimoth Trust Co. LLC raised its stake in shares of Exxon Mobil by 0.8% during the third quarter. Plimoth Trust Co. LLC now owns 56,329 shares of the oil and gas company’s stock worth $4,789,000 after purchasing an additional 430 shares during the last quarter. First National Bank Sioux Falls raised its stake in shares of Exxon Mobil by 5.5% during the fourth quarter. First National Bank Sioux Falls now owns 10,053 shares of the oil and gas company’s stock worth $686,000 after purchasing an additional 528 shares during the last quarter. Bath Savings Trust Co raised its stake in shares of Exxon Mobil by 0.3% during the fourth quarter. Bath Savings Trust Co now owns 200,188 shares of the oil and gas company’s stock worth $13,650,000 after purchasing an additional 539 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Exxon Mobil by 1.2% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,174 shares of the oil and gas company’s stock worth $3,353,000 after purchasing an additional 580 shares during the last quarter. 53.18% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Company Profile

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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

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