ExxonMobil (NYSE:XOM) Raised to Hold at BNP Paribas Exane

ExxonMobil (NYSE:XOMGet Free Report) was upgraded by investment analysts at BNP Paribas Exane from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat.com reports.

XOM has been the subject of several other reports. Loop Capital set a $123.00 price objective on ExxonMobil in a research note on Tuesday, February 3rd. Piper Sandler reduced their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Jefferies Financial Group increased their price objective on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. increased their price objective on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Finally, Wolfe Research reduced their price objective on ExxonMobil from $158.00 to $153.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, ExxonMobil currently has an average rating of “Moderate Buy” and an average target price of $161.15.

Get Our Latest Stock Report on XOM

ExxonMobil Trading Down 3.6%

Shares of NYSE:XOM opened at $146.50 on Friday. ExxonMobil has a 1 year low of $101.18 and a 1 year high of $176.41. The firm has a market capitalization of $608.95 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 0.87 and a beta of 0.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The business’s 50 day moving average price is $154.99 and its 200-day moving average price is $132.73.

ExxonMobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue was down 1.3% on a year-over-year basis. On average, equities research analysts forecast that ExxonMobil will post 7.43 earnings per share for the current fiscal year.

Insider Activity at ExxonMobil

In other news, VP Darrin L. Talley sold 5,000 shares of ExxonMobil stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is owned by insiders.

Institutional Trading of ExxonMobil

A number of hedge funds and other institutional investors have recently modified their holdings of XOM. Eagle Capital Management LLC increased its position in shares of ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of ExxonMobil during the 1st quarter worth about $305,000. Sivia Capital Partners LLC increased its position in shares of ExxonMobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares during the last quarter. United Bank increased its position in shares of ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after purchasing an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its position in ExxonMobil by 17.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after acquiring an additional 5,443 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

About ExxonMobil

(Get Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

Analyst Recommendations for ExxonMobil (NYSE:XOM)

Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.