How Credit Agricole Currently Rates Exxon Mobil (NYSE:XOM)
Credit Agricole sent to investors in an interesting research note that it have initiated coverage on Exxon Mobil (NYSE:XOM) stock, with “Outperform” rating.
From a total of 20 analysts covering Exxon Mobil (NYSE:XOM) stock, 8 rate it a ”Buy”, 4 a “Sell”, and 13 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is $100 while the lowest target price is $60. The mean of all analyst targets is $83.85 with a 2.30% above today’s ($79.44) stock price. Exxon Mobil was the topic of 21 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on November 18 to “Underperform” rating. TD Securities maintained shares with “Hold” rating and $52 target share price in a report from an August 6. Macquarie Research initiated XOM stock in a recent report from September 23 with “Underperform” rating. Finally, Citigroup maintained the stock with “Hold” rating in a report issued on an August 19.
Approximately 24.24M shares of stock traded hands or 59.47% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 12.63% since May 12, 2015 and is downtrending. It has underperformed by 8.95% the S&P500.
The overall sentiment of institutions has increased to 1.11 in Q2 2015. Its up 0.24, from 0.87 in 2015Q2. The ratio improved, as 82 institutions have sold all the shares of Exxon Mobil Corporation that they owned while 750 funds have taken shares off the table. 90 funds have purchased shares for the first time while 831 added to their positions. These institutions now hold 2.05 billion shares or 2.08% more than the 2.01 billion shares they owned in 2015Q2.
The Fund Salient Trust Co Lta currently is holding shares equating to 61.48% of its total portfolio in Exxon Mobil Corporation representing a total of 4.89 million shares. Another fund,Peddock Capital Advisors Llc, is holding a total of 516,951 shares equating to 35.03% of their holdings. Additionally, Pinnacle Summer Investments Inc. has a 2.55 million share stake in Exxon Mobil Corporation which represents 22.98% of their total portfolio. The Fund, Huff W R Asset Management Co Llc De, based out of Florida, has also built up a stake in the stock, which represents a total of 19.64% of their total portfolio. Finally Adams Natural Resources Fund Inc., a fund which is based in the state of Maryland reported a total holdings of 1.36 million shares.
Exxon Mobil Corporation is an energy company. The company has a market cap of $316.67 billion. The Firm is engaged in the exploration and production of natural gas and crude oil. It has 16.78 P/E ratio. The Firm is involved in the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products.
According to Zacks Investment Research, “Exxon Mobil Corporation’s principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.”