Morgan Stanley’s price objective assigned to Exxon Mobil (NYSE: XOM) has been increased from $106.00 to $107.00, as stated in a research note published on Monday. Benzinga was the source of the information that we gathered. Currently, the oil and gas business’s stock has been assigned an “overweight” rating by the company itself. According to the company’s price estimate provided by Morgan Stanley, there is the potential for a gain of 6.87 percent when compared to the most recent closing price of the company. Because of the entrance of unexpected money, Exxon Mobil is well on its way to accomplishing considerably more than it did in the past. XOM was also brought up in conversation by a couple of other brokerages in their most recent comments. In a report released on Thursday, August 11th, Credit Suisse Group reaffirmed an “outperform” rating on shares of Exxon Mobil and established a price objective of $125.00 on the company’s stock. Barclays gave Exxon Mobil an “overweight” rating in a research report on May 31. In addition, Barclays boosted its price objective on the stock from $98.00 to $110.00, bringing the total to $110.00. Both of these alterations were carried out as a direct result of Exxon Mobil. In a research note made public on Thursday, May 19th, Citigroup raised its price objective on Exxon Mobil from $80.00 to $90.00 in a research note. The investment group also assigned the business a “neutral” rating for its performance. Goldman Sachs Group gave an investment in Exxon Mobil a “buy” recommendation in a report published on June 8 and distributed on the same day. The information was given out on June 8. In addition, they raised the price objective they had previously set for the stock to $117.00 from the previous price of $104.00. Bloomberg formerly recommended Exxon Mobil with a “buy” rating; however, that rating was altered to a “hold” rating in a report released on May 2nd. Twelve industry specialists have recommended buying shares of the company; seven have suggested holding on to their shares, and two have suggested selling shares of the company. According to information made available by Bloomberg, the stock is presently assigned a recommendation of “Hold,” which represents the general agreement among market analysts. The average price objective is $96.45 per share.
Since trading on Monday for $100.12, Exxon Mobil has witnessed a 52-week low of $52.96 and a 52-week high of $105.57 since the commencement of trading on Monday. The moving average of the company’s stock price for the previous 50 days is $90.17, while the moving average of its stock price over the last 200 days is $87.97. The company has a market capitalization of $417.26 billion at the moment, while its P/E ratio is sitting at 10.95, its P/E/G ratio is sitting at 0.32, and its beta is sitting at 1.09. Currently, the debt-to-equity ratio stands at 0.21, the quick ratio stands at 0.87, and the current ratio stands at 1.16. Nevertheless, have they both arrived at the peak of their careers? In a report made available to the general public on July 29, Exxon Mobil (NYSE: XOM) discussed its performance. In the fourth quarter, the oil and gas business posted earnings per share of $4.14, which was $0.40 higher than the consensus forecast of $3.74 among analysts. In addition, the actual sales for the quarter were significantly higher than the analysts’ consensus estimate of $111.67 billion. The final sales figure was $115.68 billion. Exxon Mobil had a return on equity of 23.82 percent, while the corporation had a net margin of 10.67 percent. Compared to what it was during the same quarter the previous year, the revenue for this quarter saw a 70.8% increase in the amount it brought in. Compared to the last year’s period, the corporation’s income per share came in at $1.10 in the most recent comparable quarter. The majority opinion analysts of the oil and gas business are that Exxon Mobil will post earnings of $12.68 per share in 2018.
The further news released on Thursday, August 4, contains the statement that Director Jeffrey W. Ubben purchased 960,000 shares. A total of $84,969,600.00 was spent on the acquisition of the stock, which resulted in an average price of $88.51 per share paid. As a result of the successful transaction completion, the director now has direct ownership of 1,137,000 shares in the company. The current market value of these shares is $100,635,870. If you follow this link, you will be brought to a filing just submitted to the SEC, providing you with additional information regarding the transaction. In other news, Vice President Darrin L. Talley sold 2,147 company stock on Tuesday, June 7th. This information was obtained from public records. A total of $220,733.07 was spent buying and selling the stock, with the price of each share averaging $102.81. As a direct consequence of the transaction, the vice president now directly controls 30,363 shares. The total value of these shares is about $3,121,620.03 at the time of this writing. The Securities and Exchange Commission (SEC) keeps a legal file open to the public and can be read online. This file had information relevant to the transaction, which was discovered there. In addition, on August 4th, Director Jeffrey W. Ubben purchased an additional 960,000 shares of the company’s stock. The shares were purchased for a total of $84,969,600 during the transaction, which works out to an average price of $88.51 per share. The director now has 1,137,000 shares, and the total value of those shares is $100,635,870 as a direct result of the transaction. You should look in this spot if you are looking for the disclosure that pertains to this transaction. Only 0.04% of the total business shares are held by current and former employees of the company.
Be sure you are in the appropriate state of mind before attempting to make any investments in the current market. Many well-known investors have recently modified their investment strategies regarding XOM to take advantage of new opportunities. Norges Bank made a new investment in Exxon Mobil throughout the last three months of 2018, at a total cost of about $3,184,424,000. During the first three months of 2018, GQG Partners LLC was able to purchase an additional 59.9% ownership position in Exxon Mobil. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company. This is because, during the last quarter, the company purchased an extra 19,403,556 shares. The value of these shares on the market as of right now is $4,277,527,000.
During the second quarter, FMR LLC successfully elevated the percentage of Exxon Mobil shares that it owned to a level that was 14.9% higher. During the most recent fiscal quarter, FMR LLC purchased 17,521,080 shares in the oil and gas company. This brought the total number of shares owned by the company up to 135,144,175 and increased the value of those shares to $1,573,746,000. DZ BANK AG, also known as Deutsche Zentral Genossenschaftsbank Frankfurt am Main, made purchases of Exxon Mobil stock at a rate of 1,505.5%, higher than the average rate for the market during the second quarter. Following the acquisition of 9,124,095 extra shares throughout the most recent fiscal quarter, DZ BANK AG, Deutsche Zentral Genossenschafts Bank Frankfurt am Main, currently holds a total of 9,730,140 shares in the oil and gas company. The value of these shares on the market as of right now is $833,291,000. Last, Vanguard Group Inc. increased its stake in Exxon Mobil by 2.5 percent in the first three months of this year. Following the acquisition of 8,825,023 shares in the most recent quarter, Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock, valued at $30,098,496,000. This brings the total number of shares owned by Vanguard Group Inc. to 364,432,696. As a result, the total number of shares that Vanguard Group Inc. owns now stands at 364,432,696.
As of the most recent reporting period, institutional investors and hedge funds held 56.84% of the company’s shares. The Exxon Mobil Corporation engages in the exploration and extraction of crude oil and natural gas in the United States and several other countries worldwide. The operation has three parts: upstream, downstream, and chemical processes. Together, these makeup how it works. The company not only produces and sells petrochemicals such as olefins, polyolefins, aromatics, and other petrochemicals but also absorbs carbon, hydrogen, and biofuels and stores them in its facilities. Additionally, the business manufactures and distributes petrochemicals. It also makes, trades, transports, and sells a wide range of specialized goods, such as crude oil, natural gas, petroleum products, petrochemicals, and many others.