BNP Paribas Upgrades Exxon Mobil (NYSE:XOM) to “Hold”

Exxon Mobil (NYSE:XOM) was upgraded by investment analysts at BNP Paribas from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also weighed in on XOM. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 1st. UBS Group reissued a “buy” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Monday, December 1st. Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.89.

Exxon Mobil Stock Up 1.8%

NYSE XOM opened at $118.10 on Monday. The business has a fifty day moving average price of $115.18 and a 200 day moving average price of $111.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market cap of $498.03 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.47 and a beta of 0.38. Exxon Mobil has a one year low of $97.80 and a one year high of $120.81.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Research analysts anticipate that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westfuller Advisors LLC acquired a new position in Exxon Mobil in the third quarter valued at $30,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC raised its stake in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the 2nd quarter valued at about $38,000. 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.