Exxon Mobil (NYSE:XOM) Given Sector Perform Rating at Royal Bank of Canada

Exxon Mobil (NYSE:XOM)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank of Canada in a research note issued on Monday,Benzinga reports. They presently have a $115.00 price target on the oil and gas company’s stock. Royal Bank of Canada’s price target points to a potential upside of 7.68% from the stock’s current price.

XOM has been the subject of several other research reports. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Finally, Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Down 0.0 %

Shares of Exxon Mobil stock traded down $0.04 during trading hours on Monday, reaching $106.79. 5,361,539 shares of the company’s stock were exchanged, compared to its average volume of 14,872,425. Exxon Mobil has a 52-week low of $100.42 and a 52-week high of $126.34. The company has a fifty day moving average of $110.36 and a 200-day moving average of $115.21. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $469.37 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the previous year, the company earned $2.48 EPS. Sell-side analysts forecast that Exxon Mobil will post 7.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently bought and sold shares of the business. Advyzon Investment Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $852,000. Mcdaniel Terry & Co. grew its holdings in Exxon Mobil by 39.9% during the 4th quarter. Mcdaniel Terry & Co. now owns 75,333 shares of the oil and gas company’s stock worth $8,104,000 after acquiring an additional 21,501 shares in the last quarter. WealthBridge Capital Management LLC increased its position in shares of Exxon Mobil by 4.6% in the 4th quarter. WealthBridge Capital Management LLC now owns 14,860 shares of the oil and gas company’s stock worth $1,599,000 after purchasing an additional 651 shares during the last quarter. WealthCare Investment Partners LLC raised its stake in shares of Exxon Mobil by 13.3% in the 4th quarter. WealthCare Investment Partners LLC now owns 1,955 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 230 shares in the last quarter. Finally, Wealth Alliance grew its stake in Exxon Mobil by 12.8% in the fourth quarter. Wealth Alliance now owns 25,594 shares of the oil and gas company’s stock worth $2,753,000 after purchasing an additional 2,912 shares in the last quarter. 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.