Exxon Mobil’s (XOM) Sector Perform Rating Reiterated at Royal Bank of Canada

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

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Scotiabank dropped their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday. Finally, Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Down 0.0 %

XOM stock traded down $0.04 during midday trading on Monday, reaching $106.79. 5,361,539 shares of the company were exchanged, compared to its average volume of 14,872,425. The stock’s 50-day simple moving average is $110.36 and its 200 day simple moving average is $115.21. Exxon Mobil has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap 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 announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the firm earned $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil will post 7.65 earnings per share for the current year.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in Exxon Mobil by 11,131.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after buying an additional 1,776,848 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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.