Exxon Mobil (XOM) Given Sell Rating at HSBC

Exxon Mobil (NYSE:XOM)‘s stock had its “sell” rating reaffirmed by equities researchers at HSBC in a report released on Thursday. They currently have a $70.00 price target on the oil and gas company’s stock. HSBC’s price objective would suggest a potential downside of 8.54% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Barclays downgraded shares of Exxon Mobil from an “overweight” rating to an “underweight” rating and cut their price target for the company from $91.00 to $84.00 in a report on Tuesday, February 6th. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 price target for the company in a report on Monday, February 5th. Jefferies Group reissued a “neutral” rating and issued a $87.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Credit Suisse Group cut their price target on shares of Exxon Mobil from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $83.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $87.02.

Shares of Exxon Mobil (NYSE:XOM) traded up $0.33 during midday trading on Thursday, reaching $76.54. 13,706,874 shares of the company’s stock were exchanged, compared to its average volume of 15,440,000. Exxon Mobil has a 52 week low of $73.90 and a 52 week high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market cap of $324,310.00, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The business had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. During the same period in the previous year, the company posted $0.41 earnings per share. Exxon Mobil’s revenue was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that Exxon Mobil will post 4.85 EPS for the current year.

In other news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 over the last three months. 0.08% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. We Are One Seven LLC acquired a new position in Exxon Mobil in the fourth quarter worth approximately $1,482,000. Probabilities Fund Management LLC acquired a new position in Exxon Mobil in the fourth quarter worth approximately $653,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Exxon Mobil in the fourth quarter worth approximately $1,760,000. Northern Oak Wealth Management Inc. increased its holdings in Exxon Mobil by 9.7% in the fourth quarter. Northern Oak Wealth Management Inc. now owns 107,110 shares of the oil and gas company’s stock worth $8,959,000 after buying an additional 9,444 shares during the last quarter. Finally, WealthPLAN Partners LLC increased its holdings in Exxon Mobil by 4.1% in the fourth quarter. WealthPLAN Partners LLC now owns 111,063 shares of the oil and gas company’s stock worth $9,289,000 after buying an additional 4,375 shares during the last quarter. 51.29% of the stock is owned by institutional investors and hedge funds.

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About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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