Mixed Recommendations and Insider Trading: Examining Exxon ... - Best Stocks

Exxon Mobil Co. (NYSE:XOM) has recently garnered attention from analysts, as the company’s stock has received a mixed recommendation of “Hold” from twenty-one analysts currently covering the firm, according to Bloomberg.com. Out of these analysts, one has given a sell recommendation, nine have issued a hold recommendation, and eleven have advised buying shares in the company.

Furthermore, these analysts have provided an average target price for Exxon Mobil over the next year. According to their assessments, the average 1-year target price is set at $124.27. This estimation offers insight into the potential growth or decline in value that investors may anticipate with regard to Exxon Mobil.

In recent news related to the company, Director Jeffrey W. Ubben made a notable purchase of 458,000 shares of Exxon Mobil stock on Monday, July 31st. Each share was acquired at an average cost of $106.93, resulting in a total value of $48,973,940.00 for Ubben’s transaction. As a result of this acquisition, Ubben now holds 1,635,000 shares directly in the company’s stock with an estimated value of around $174,830,550.

This transaction was disclosed through a filing with the Securities & Exchange Commission (SEC), which can be viewed using the provided link. It is worth mentioning that approximately 0.06% of Exxon Mobil’s stock is presently owned by corporate insiders.

Regarding earnings reports from Exxon Mobil (NYSE:XOM), last announced on Friday, July 28th., the company reported earnings per share (EPS) of $1.94 for the quarter. However, this figure fell short by ($0.06) compared to analysts’ consensus estimate of $2.00 EPS during this period.

Additionally, Exxon Mobil recorded revenue amounting to $82.91 billion for the quarter under review—an increase from analyst estimates predicting revenue at approximately $81.80 billion. Although the company’s quarterly revenue has decreased by 28.3% compared to the same quarter last year, Exxon Mobil showcased a return on equity of 25.82% and a net margin of 13.72%.

From a broader perspective, it is important to highlight that this downward trend in revenue is not isolated to Exxon Mobil alone but reflects a challenging period for the entire oil and gas industry. However, analysts predict that with an estimated EPS of 8.89 for the current fiscal year, Exxon Mobil could demonstrate future growth and promising opportunities.

As always, investors should consider multiple factors and conduct independent research before making any investment decisions related to Exxon Mobil or any other company in the market.

Exxon Mobil Corporation

XOM

Strong Buy

Updated on: 28/08/2023

Price Target

Current $108.25

Concensus $103.24

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Low $60.00

Median $110.00

High $133.00

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Social Sentiments

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Date:28 August, 2023

0
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Analyst Ratings

Analyst / firm	Rating
Neal Dingmann Truist Financial	Buy
Devin McDermott Morgan Stanley	Buy
Neil Mehta Goldman Sachs	Buy
Bill Selesky Argus Research	Buy
Cowen & Co.	Buy

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Mixed Views on Exxon Mobil’s Future prospects: A Research Report Analysis

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Exxon Mobil Corporation (NYSE: XOM), one of the world’s largest publicly traded international oil and gas companies, has recently caught the attention of various research reports. The findings and analyses presented in these reports shed light on the company’s performance and future prospects.

Piper Sandler, a leading investment bank and institutional securities firm, revised its price target for shares of Exxon Mobil from $145.00 to $127.00 in a research report issued on June 13th. This downward adjustment in price target raises questions about the company’s financial outlook and potential challenges it may face in the near future.

In another surprising move, Wolfe Research downgraded Exxon Mobil from an “outperform” rating to a “peer perform” rating on July 7th. This change was reportedly based on a valuation call, indicating that the stock may be overvalued compared to its peers in the industry.

Royal Bank of Canada (RBC) maintained its “sector perform” rating for Exxon Mobil but set a price target of $125.00 in its research report released on July 19th. RBC’s analysis suggests that Exxon Mobil is performing at par with other companies within its sector, neither outshining nor underperforming.

On August 18th, Morgan Stanley, a global financial services firm, raised its price target for Exxon Mobil from $121.00 to $124.00 and reiterated its “overweight” rating for the stock. This implies that despite certain challenges, Exxon Mobil still presents an attractive investment opportunity according to Morgan Stanley’s assessment.

HSBC also expressed optimism regarding Exxon Mobil’s future prospects by increasing its target price from $110.00 to $116.00 in a research report published on August 9th. HSBC’s positive view may be indicative of perceived improvements or opportunities for growth within the company.

Interestingly, large institutional investors have made adjustments to their holdings of Exxon Mobil. St. Louis Trust Co increased its holdings by 11.0% during the fourth quarter, acquiring an additional 3,507 shares of Exxon Mobil’s stock. Triasima Portfolio Management Inc., TIAA FSB, Nvest Financial LLC, and Newbridge Financial Services Group Inc. also reported increases in their holdings during the first quarter of this year.

As for the company’s financial indicators, Exxon Mobil opened at $108.25 per share on Friday, August 27th. With a market capitalization of $433.35 billion, the company maintains a price-to-earnings (PE) ratio of 8.66 and a low price-to-earnings growth (PEG) ratio of 0.56, both potentially attractive figures for investors seeking undervalued stocks.

Exxon Mobil currently holds a beta of 1.09, indicating that its stock’s volatility is slightly higher than the overall market index. Furthermore, it boasts a quick ratio of 1.09 and a current ratio of 1.48 as of the last financial reporting date available.

The performance range observed over the past year further highlights the fluctuating nature of Exxon Mobil’s stock price. While it reached a one-year high of $119.92, it also experienced a low point of $83.89 during that same period.

Considering findings from recent research reports and adjustments made by institutional investors to their portfolios, Exxon Mobil is undergoing a phase marked by mixed opinions and sentiments within the investment community.

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2023-08-28 10:02:08Z
CBMiSWh0dHBzOi8vYmVzdHN0b2Nrcy5jb20vbWl4ZWQtcmVjb21tZW5kYXRpb25zLWFuZC1pbnNpZGVyLXRyYWRpbmctZXhhbWluaS_SAQA

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