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Exxon Mobil Corporation (XOM) [hlAlert]

Rating:
Underweight
XOM
up 26.96 %

Exxon Mobil Corporation (XOM) rated Underweight by HSBC Securities

Posted on: Friday,  Dec 6, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Exxon Mobil Corporation (NYSE: XOM) on 12/06/2013, when the stock price was $95.03. Since
then, Exxon Mobil Corporation has lost 21.24% as of 01/26/2016's recent price of $74.85.
If you would have followed this HSBC Securities's recommendation on XOM, you would have gained 26.96% of your investment in 781 days.

Exxon Mobil Corporation (Exxon Mobil) through its divisions and affiliates is engaged in 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. ExxonMobil is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. It also has interests in electric power generation facilities. Affiliates of ExxonMobil conduct research programs in support of these businesses. Exxon Mobil Corporation has several divisions and affiliates, many with names that include Exxon Mobil, Exxon, Esso or Mobil. The Company operates in three segments: Upstream, Downstream and Chemicals. In November 2008, Sunoco Logistics Partners L.P. completed the acquisition of the MagTex refined products pipeline system located in Texas, from affiliates of Exxon Mobil Corporation.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/6/2013 8:25 AM Sell
None
95.03
as of 12/13/2013
1 Week down  -0.29 %
1 Month down  -0.29 %
3 Months   
1 YTD down  -0.29 %

(*) Stock Price at the time of the recommendation.
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