Exxon Mobil (NYSE: XOM) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
Separately, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Exxon Mobil to $100.00 in a research note to investors on Wednesday, January 25th. Analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Exxon Mobil in a research note to investors on Friday, January 20th. They now have a $91.00 price target on the stock. Also, analysts at Howard Weil downgraded shares of Exxon Mobil from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 17th.
Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. It also has interests in electric power generation facilities. The Company has several divisions and hundreds of affiliates with names that include ExxonMobil, Exxon, Esso or Mobil. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. In October 2010, Global Partners LP acquired retail gasoline stations from Exxon Mobil. In June 2011, the Company acquired Phillips Resources and related company TWP Inc. In October 2011, Cosan SA Industria e Comercio purchased the Company.
Exxon Mobil opened at 84.08 on Wednesday. Exxon Mobil has a 52-week low of $67.03 and a 52-week high of $88.23. The stock has a 50-day moving average of $84.63 and a 200-day moving average of $78.33. The company has a market cap of $403.0 billion and a price-to-earnings ratio of 10.11.
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