Exxon Mobil (NYSE:XOM) Raised to “Outperform” at Credit Suisse Group

Exxon Mobil (NYSE:XOMGet Rating) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports. The firm currently has a $125.00 price objective on the oil and gas company’s stock, up from their previous price objective of $115.00. Credit Suisse Group’s price objective indicates a potential upside of 45.15% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a report on Thursday, March 3rd. Citigroup raised their price objective on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Cowen boosted their target price on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Finally, JPMorgan Chase & Co. set a $100.00 price target on Exxon Mobil in a research note on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $89.24.

Shares of XOM opened at $86.12 on Tuesday. The firm has a market capitalization of $362.78 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The business’s fifty day moving average price is $91.39 and its two-hundred day moving average price is $80.51. Exxon Mobil has a 52 week low of $52.10 and a 52 week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The business had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 53.0% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil will post 10.26 EPS for the current year.

In related news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of XOM. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $38,000. GW&K Investment Management LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $32,000. GoalVest Advisory LLC acquired a new stake in Exxon Mobil during the 1st quarter worth $38,000. Dravo Bay LLC acquired a new stake in Exxon Mobil during the 1st quarter worth $38,000. Finally, Guardian Wealth Management Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth $30,000. Institutional investors and hedge funds own 54.07% of the company’s stock.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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