JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Exxon Mobil (XOM)

Exxon Mobil (NYSE:XOM)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued to investors on Tuesday, February 26th. They currently have a $87.00 price target on the oil and gas company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 8.10% from the stock’s previous close.

Several other research firms have also commented on XOM. Wolfe Research upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. HSBC reiterated a “buy” rating and issued a $85.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 13th. Raymond James lowered Exxon Mobil from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 20th. Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, December 31st. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 price target on shares of Exxon Mobil in a research note on Monday, November 5th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus target price of $84.52.

Shares of NYSE:XOM traded down $1.31 during midday trading on Tuesday, hitting $80.48. The company had a trading volume of 12,497,096 shares, compared to its average volume of 13,519,176. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. The firm has a market capitalization of $341.03 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.91. Exxon Mobil has a 12-month low of $64.65 and a 12-month high of $87.36.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.08 by $0.43. The firm had revenue of $71.90 billion during the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. Exxon Mobil’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. On average, equities research analysts expect that Exxon Mobil will post 4.07 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of XOM. Norges Bank purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $2,796,142,000. Oregon Public Employees Retirement Fund grew its holdings in Exxon Mobil by 6,664.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,397,540 shares of the oil and gas company’s stock worth $460,000 after purchasing an additional 30,933,358 shares during the last quarter. C WorldWide Group Holding A S purchased a new position in Exxon Mobil in the third quarter worth $363,290,000. Morgan Stanley grew its holdings in Exxon Mobil by 19.6% in the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock worth $1,872,372,000 after purchasing an additional 3,614,568 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Exxon Mobil by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 52,195,792 shares of the oil and gas company’s stock worth $3,553,133,000 after purchasing an additional 3,593,304 shares during the last quarter. 53.50% of the stock is currently owned by institutional investors.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Featured Article: What is Call Option Volume?

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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