Exxon Mobil’s (XOM) “Buy” Rating Reaffirmed at HSBC

Exxon Mobil (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by stock analysts at HSBC in a research note issued on Wednesday. They presently have a $96.00 price target on the oil and gas company’s stock. HSBC’s target price points to a potential upside of 17.29% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Societe Generale restated a “buy” rating and set a $87.00 price objective on shares of Exxon Mobil in a research report on Wednesday, July 11th. Royal Bank of Canada set a $100.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Thursday, June 21st. Morningstar set a $90.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Monday, October 1st. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.08.

NYSE XOM opened at $81.85 on Wednesday. Exxon Mobil has a 1 year low of $72.15 and a 1 year high of $89.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. The company has a market capitalization of $345.35 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.34 and a beta of 0.87.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. As a group, research analysts forecast that Exxon Mobil will post 4.57 EPS for the current fiscal year.

In related news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the transaction, the vice president now owns 214,774 shares in the company, valued at approximately $18,045,311.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of XOM. FMR LLC grew its holdings in Exxon Mobil by 37.8% in the 2nd quarter. FMR LLC now owns 33,955,341 shares of the oil and gas company’s stock worth $2,809,126,000 after acquiring an additional 9,318,782 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Exxon Mobil by 43.0% in the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after acquiring an additional 5,440,412 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in Exxon Mobil in the 2nd quarter worth $394,412,000. Standard Life Aberdeen plc grew its holdings in Exxon Mobil by 145.3% in the 2nd quarter. Standard Life Aberdeen plc now owns 7,858,127 shares of the oil and gas company’s stock worth $650,889,000 after acquiring an additional 4,654,288 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Exxon Mobil by 1.7% in the 2nd quarter. BlackRock Inc. now owns 265,206,204 shares of the oil and gas company’s stock worth $21,940,509,000 after acquiring an additional 4,384,093 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

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; and transports and sells crude oil, natural gas, and petroleum products.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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