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SEC probing Exxon response to cheaper oil

Douglass Winthrop Advisors LLC raised its stake in Exxon Mobil Corp. 6 announced “Sell Rating” and 0 disclosed “Underweight Rating”.

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Exxon Mobil Corporation’s (XOM) ended its day with a loss of -0.24% and finalized at the price of $83.83.

Other hedge funds and other institutional investors have also modified their holdings of the company. They now have a United States dollars 85 price target on the stock. Lenox Wealth Advisors Inc. now owns 2,708 shares of the company’s stock valued at $254,000 after buying an additional 10 shares in the last quarter. Exxon Mobil Corp. comprises about 2.4% of Gofen & Glossberg LLC IL’s portfolio, making the stock its 4th largest position. Tdam Usa Inc bought 94,162 shares as the company’s stock rose 12.99% with the market.

08/01/2016 – Exxon Mobil Corporation had its “neutral” rating reiterated by analysts at UBS. They now have a Dollars 84 price target on the stock.

Exxon Mobil Corporation (NYSE:XOM) reported earning per shares for the quarter ending Jul 29 BMO at 0.41, whereas, 20 number of analysts estimated the mean EPS at 0.68. The stock has a 50 day moving average of $87.89 and a 200-day moving average of $88.05. The company has a market cap of $348.44 billion, a P/E ratio of 33.37 and a beta of 0.78.

Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. (NYSE:XOM) last issued its quarterly earnings results on Friday, July 29th. The company reported the earnings of $0.41/Share in the last quarter where the estimated EPS by analysts was $0.64/share.

SYSCO Corporation (NYSE:SYY) mean estimate for revenue for the ongoing quarter ending Sep 16 is $13.90B by 11 analysts. During the same quarter in the prior year, the firm earned $1.00 EPS. That came on revenues of $67.34B for the quarter. It has a dividend yield of 3.58%. Exxon Mobil Corporation (NYSE:XOM) has risen 3.21% since February 16, 2016 and is uptrending.

XOM has been the subject of several research analyst reports. Analyst’s mean target price for CVX analysts mean recommendation is 2.20.

According to FT, The 21 analysts offering 12 month price targets for Exxon Mobil Corporation have a median target of 95.00, with a high estimate of 105.00 and a low estimate of 74.00. Nomura initiated it with “Reduce” rating and $70 target price in a March 18 report.

Exxon Mobil Corporation had its “buy” rating reiterated by analysts at Argus.

One Month ago, the stock has gained consensus mean rating of Hold based on the analysis of brokerage analyst firms polled. The stock had a trading volume of 7.9 M shares. Shares were sold at the average price of 90.81 per share, according to SEC Form 4 filing submitted on 08 Jun 2016.

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Exxon Mobil Corporation, incorporated on August 5, 1882, is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Market Capitalization of the company stands at 352.8 Billion.

SEC probing Exxon Mobil accounting report