Can analysts adopt a bullish outlook for Exxon Mobil Corporation (NYSE:XOM)?

January 14, 2018 - By Kurt Siggers

 Can analysts adopt a bullish outlook for Exxon Mobil Corporation (NYSE:XOM)?
Investors sentiment is 0.85 in Q3 2017. Its the same as in 2017Q2. It is flat, as 57 investors sold Exxon Mobil Corporation shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported.
Renaissance Technologies Limited Liability holds 0.35% in Exxon Mobil Corporation (NYSE:XOM) or 3.65 million shares. Willingdon Wealth Mngmt reported 2.08% stake. King Wealth Mgmt Ltd has invested 2.58% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Community National Bank & Trust Of Raymore stated it has 31,136 shares. Moreover, Metropolitan Life Insur Communications New York has 1.03% invested in Exxon Mobil Corporation (NYSE:XOM) for 2.01 million shares. Whittier Trust Company Of Nevada holds 1.31% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 171,455 shares. Chickasaw Cap Ltd Co has 80,171 shares for 0.14% of their portfolio. Martin Tn holds 50,094 shares. 56,199 were accumulated by Clear Harbor Asset Management Limited Liability. Moreover, Mai Mgmt has 0.6% invested in Exxon Mobil Corporation (NYSE:XOM). Sigma Planning Corp accumulated 75,909 shares. Bp Public Ltd Com has invested 1.46% in Exxon Mobil Corporation (NYSE:XOM). Trexquant Investment L P has invested 0.11% in Exxon Mobil Corporation (NYSE:XOM). Commonwealth Of Pennsylvania Pub School Empls Retrmt stated it has 0.57% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Affinity Advisors Lc owns 262,883 shares for 2.5% of their portfolio.

Since August 4, 2017, it had 0 buys, and 6 insider sales for $5.32 million activity. Chapman Neil A had sold 12,000 shares worth $996,628. REINEMUND STEVEN also sold $88,253 worth of Exxon Mobil Corporation (NYSE:XOM) shares. Corson Bradley W also sold $1.62 million worth of Exxon Mobil Corporation (NYSE:XOM) shares. $1.81M worth of Exxon Mobil Corporation (NYSE:XOM) shares were sold by Franklin Robert Stuart. $606,082 worth of stock was sold by Milton Bryan W on Tuesday, December 12.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 80 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, January 19 the stock rating was downgraded by UBS to “Sell”. Morgan Stanley maintained it with “Underperform” rating and $85 target in Wednesday, October 18 report. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by Citigroup on Wednesday, August 19. RBC Capital Markets maintained Exxon Mobil Corporation (NYSE:XOM) on Tuesday, June 13 with “Buy” rating. On Monday, June 5 the stock rating was upgraded by Scotia Capital to “Buy”. The company was initiated on Wednesday, June 7 by Hilliard Lyons. Cowen & Co maintained the stock with “Buy” rating in Tuesday, September 19 report. The stock has “Hold” rating by Deutsche Bank on Tuesday, March 29. The rating was maintained by Jefferies with “Hold” on Tuesday, August 29. The stock has “Hold” rating by BMO Capital Markets on Monday, May 1. Below is a list of Exxon Mobil Corporation (NYSE:XOM) latest ratings and price target changes.

10/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $85.0 Maintain
20/12/2017 Broker: Jefferies Rating: Hold New Target: $85.0 Maintain
11/12/2017 Broker: Credit Suisse Rating: Hold New Target: $83.0 Initiate
21/11/2017 Broker: Piper Jaffray Rating: Hold New Target: $81.0 Maintain
15/11/2017 Broker: Imperial Capital Rating: Outperform New Target: $20 Initiates Coverage On
07/11/2017 Broker: HSBC Old Rating: Hold New Rating: Reduce Downgrade
24/10/2017 Broker: Cowen & Co Rating: Buy New Target: $100.0 Maintain
19/10/2017 Broker: Jefferies Rating: Hold New Target: $84.0 Maintain
18/10/2017 Broker: Morgan Stanley Rating: Underperform New Target: $85 Maintain
18/10/2017 Broker: BMO Capital Markets Rating: Hold New Target: $80.0 Maintain

The stock increased 0.68% or $0.59 during the last trading session, reaching $87.52. About 9.83 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 14, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Exxon Mobil Corporation explores for and produces natural gas and crude oil in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. The company has market cap of $370.83 billion. The firm operates through Upstream, Downstream, and Chemical divisions. It has a 28.47 P/E ratio. It also makes petroleum products; makes and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil Changes Course On Climate Disclosures” on December 19, 2017, also Seekingalpha.com with their article: “Exxon Mobil And The Big Apple’s Big Lawsuit” published on January 12, 2018, Seekingalpha.com published: “First Dividend Stock For 2018: Exxon Mobil” on January 12, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon Mobil: Undervalued Dividend Aristocrat With Catalysts For Growth” published on January 06, 2018 as well as Usnews.com‘s news article titled: “Exxon Mobil Corp. Finds More Oil in Deep Waters off Guyana” with publication date: January 05, 2018.

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