Favorable Media Coverage Very Likely to Affect Exxon Mobil Corporation (XOM) Stock Price

Media coverage about Exxon Mobil Corporation (NYSE:XOM) has been trending positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Exxon Mobil Corporation earned a news impact score of 0.28 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 84 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s rankings:

A number of brokerages have issued reports on XOM. Wolfe Research lowered Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research lowered Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday. J P Morgan Chase & Co set a $81.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Thursday, July 13th. Finally, Vetr lowered Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $88.62 target price on the stock. in a research report on Tuesday, July 11th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average target price of $86.05.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 80.86 on Tuesday. The firm has a market cap of $342.63 billion, a P/E ratio of 33.73 and a beta of 0.82. The stock’s 50 day moving average is $81.74 and its 200 day moving average is $83.51. Exxon Mobil Corporation has a 52 week low of $79.26 and a 52 week high of $95.55.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. The business had revenue of $63.29 billion during the quarter, compared to analyst estimates of $64.88 billion. During the same period in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.68 earnings per share for the current fiscal year.

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Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Insider Buying and Selling by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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