Imperial Capital Initiated Exxon Mobil (XOM)’s Coverage with $20 Target; MCIG (MCIG) Sellers Increased By 9.9% Their Shorts

November 15, 2017 - By Kurt Siggers

Among 25 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 6 Sell and 10 Hold. Therefore 36% are positive. Exxon Mobil has $104 highest and $52 lowest target. $83.10’s average target is 1.48% above currents $81.89 stock price. Exxon Mobil had 75 analyst reports since July 22, 2015 according to SRatingsIntel. Macquarie Research initiated the shares of XOM in report on Wednesday, September 23 with “Underperform” rating. The rating was maintained by Piper Jaffray on Thursday, August 24 with “Hold”. Jefferies maintained it with “Hold” rating and $8600 target in Thursday, July 27 report. The firm has “Conviction Buy” rating by Goldman Sachs given on Friday, March 18. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Friday, April 7 by Jefferies. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Reduce” rating by Nomura on Friday, March 18. RBC Capital Markets maintained it with “Hold” rating and $90.0 target in Monday, October 9 report. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Buy” rating given on Thursday, August 20 by Vetr. The firm has “Hold” rating by Jefferies given on Tuesday, August 29. On Thursday, May 11 the stock rating was upgraded by Bank of America to “Buy”.

MCIG INCORPORATED (OTCMKTS:MCIG) had an increase of 9.9% in short interest. MCIG’s SI was 406,300 shares in November as released by FINRA. Its up 9.9% from 369,700 shares previously. With 2.99 million avg volume, 0 days are for MCIG INCORPORATED (OTCMKTS:MCIG)’s short sellers to cover MCIG’s short positions. It closed at $0.17 lastly. It is down 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

mCig, Inc. is a diversified holding firm focused on technology and consulting, grow construction and cultivation, biotech, vaporizers, dispensary supplies, payment and processing. The company has market cap of $66.76 million. The Firm services the legal cannabis, hemp and CBD markets through its lifestyle brands. It has a 40.28 P/E ratio. The Company’s offers products in a range of brands include Rollies, Vapolution and VitaCig.

About 117,035 shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since November 15, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.

Exxon Mobil Corporation is engaged in energy business. The company has market cap of $348.46 billion. The Firm is engaged in the exploration, production, transportation and sale of natural gas and crude oil, and the manufacture, transportation and sale of petroleum products. It has a 26.82 P/E ratio. The Firm also makes and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 30. They expect $0.99 earnings per share, up 10.00% or $0.09 from last year’s $0.9 per share. XOM’s profit will be $4.21B for 20.68 P/E if the $0.99 EPS becomes a reality. After $0.93 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.04, from 0.89 in 2017Q1. It fall, as 48 investors sold Exxon Mobil Corporation shares while 822 reduced holdings. 103 funds opened positions while 639 raised stakes. 2.12 billion shares or 0.55% more from 2.10 billion shares in 2017Q1 were reported. 119,230 were accumulated by Dowling Yahnke Limited Liability. First Republic stated it has 1.37M shares or 0.84% of all its holdings. Homrich Berg invested in 43,791 shares or 0.31% of the stock. Swedbank has invested 0.94% in Exxon Mobil Corporation (NYSE:XOM). Garde reported 0.13% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Gm Advisory Grp Inc holds 0.45% or 17,653 shares in its portfolio. Westwood Management Corporation Il invested in 0.12% or 9,312 shares. Essex Investment Management Co Limited Liability Co reported 0.18% stake. Elm Advsrs Lc reported 2,980 shares. Cordasco Network stated it has 0.21% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Somerville Kurt F invested in 117,110 shares or 1.93% of the stock. Cadence Natl Bank Na reported 319,095 shares. Wharton Business Gru Ltd Liability Corporation invested 0.18% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Moreover, Stonehearth Limited Com has 0.43% invested in Exxon Mobil Corporation (NYSE:XOM). Efg Asset (Americas) Corp invested 0.53% of its portfolio in Exxon Mobil Corporation (NYSE:XOM).

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