Somewhat Favorable Media Coverage Extremely Likely to Impact Exxon Mobil (NYSE:XOM) Stock Price

Press coverage about Exxon Mobil (NYSE:XOM) has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Exxon Mobil earned a coverage optimism score of 1.18 on their scale. InfoTrie also assigned press coverage about the oil and gas company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Exxon Mobil’s score:

Several research firms have recently weighed in on XOM. HSBC reissued a “buy” rating and issued a $58.50 price target on shares of Total in a research note on Thursday, May 23rd. Berenberg Bank set a €23.50 ($27.33) target price on shares of Rhoen Klinikum and gave the stock a “neutral” rating in a report on Thursday, April 11th. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. Tudor Pickering started coverage on shares of Exxon Mobil in a research report on Monday, April 8th. They issued a “hold” rating and a $82.49 target price on the stock. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $137.00 price objective on shares of Continental in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $84.24.

XOM stock traded up $0.15 during midday trading on Friday, hitting $74.99. 11,243,115 shares of the company traded hands, compared to its average volume of 9,186,499. Exxon Mobil has a twelve month low of $64.65 and a twelve month high of $87.36. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm’s 50 day simple moving average is $75.48. The company has a market cap of $317.29 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The company had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. During the same quarter last year, the business earned $1.09 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Research analysts anticipate that Exxon Mobil will post 3.65 earnings per share for the current fiscal year.

In related news, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the transaction, the vice president now directly owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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