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XOM

Exxon Mobil

$83.10

-0.39 (-0.47%)

13:02
06/19/17
06/19
13:02
06/19/17
13:02

ExxonMobil reports 'breakthrough' in algae biofuel research

ExxonMobil and Synthetic Genomics announced a "breakthrough" in biofuels research involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain's growth. The ExxonMobil-Synthetic Genomics team modified an algae strain to enhance its oil content from 20% to more than 40%. Results of the research were published today in the peer-reviewed journal Nature Biotechnology. "Researchers at Synthetic Genomics' laboratory in La Jolla discovered a new process for increasing oil production by identifying a genetic switch that could be fine-tuned to regulate the conversion of carbon to oil... The team established a proof-of-concept approach that resulted in the algae doubling its lipid fraction of cellular carbon compared to the parent -- while sustaining growth," the companies explained. "This key milestone in our advanced biofuels program confirms our belief that algae can be incredibly productive as a renewable energy source," commented ExxonMobil.

XOM Exxon Mobil
$83.10

-0.39 (-0.47%)

06/05/17
HOWW
06/05/17
UPGRADE
HOWW
Outperform
Exxon Mobil upgraded to Outperform from Sector Perform at Scotia Howard Weil
Scotia Howard Weil upgraded Exxon Mobil to Outperform saying recent weakness provides a buying opportunity for this defensive play within the oil patch.
06/05/17
06/05/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Yelp (YELP) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post saying consensus estimates are achievable following the first quarter headline miss. The analyst sees improved quarterly net account adds ahead and improved execution driving shares higher. 2. Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at Scotia Howard Weil with the firm saying recent weakness provides a buying opportunity for this defensive play within the oil patch. 3. eBay (EBAY) upgraded to Outperform from Neutral at Credit Suisse with analyst Paul Bieber assuming coverage on the stock while saying there are multiple paths to create value. 4. Gap (GPS) upgraded to Outperform from Perform at Oppenheimer with analyst Anna Andreeva saying the shares are down 17% from last month's highs despite the retailer posting 12% earnings growth in the first quarter. 5. Outfront Media (OUT) upgraded to Buy from Hold at Loop Capital with analyst David Miller saying he believes the "reward outweighs the risk" with the shares down 17% over the past 15 weeks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/17
HDLY
06/07/17
INITIATION
Target $90
HDLY
Long-Term Buy
Exxon Mobil initiated with a Long-Term Buy at Hilliard Lyons
Hilliard Lyons analyst Joel Havard initaited Exxon Mobil with a Long-Term Buy and a $90 price target saying he believes the reduced cost structure, two recent acquisitions and a more aggressive pace of capital spending position the company for a positive shift in reserves and production growth and a multi-year recovery in earnings.
06/07/17
06/07/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kraft Heinz (KHC) initiated with a Buy at Berenberg. 2. NICE Systems (NICE) initiated with a Neutral at Citi. 3. Exxon Mobil (XOM) initiated with a Long-Term Buy at Hilliard Lyons. 4. ASV Holdings (ASV) was initiated with a Buy at Roth Capital and Seaport Global. 5. Check Point (CHKP), Imperva (IMPV), and Proofpoint (PFPT) were initiated with a Positive at Susquehanna. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PSO

Pearson

$9.82

-0.08 (-0.81%)

07:46
01/17/18
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Hot Stocks
Pearson sees FY18 adjusted operating profit GBP520M-GBP560M »

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WIFI

Boingo Wireless

$21.49

-0.83 (-3.72%)

07:46
01/17/18
01/17
07:46
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07:46
Initiation
Boingo Wireless initiated  »

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PSO

Pearson

$9.82

-0.08 (-0.81%)

07:46
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07:46
Earnings
Pearson sees FY adjusted EPS above 49p-52p guidance range »

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ADNT

Adient

$81.91

-0.51 (-0.62%)

07:45
01/17/18
01/17
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07:45
Technical Analysis
Technical Take: Adient falls sharply in pre-market, analyst action »

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ESPR

Esperion

$71.91

-1.35 (-1.84%)

07:45
01/17/18
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07:45
Recommendations
Esperion analyst commentary  »

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LEN

Lennar

$68.78

-0.48 (-0.69%)

07:44
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07:44
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Lennar analyst commentary  »

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NHYDY

Norsk Hydro

$7.60

-0.16 (-2.06%)

07:43
01/17/18
01/17
07:43
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07:43
Downgrade
Norsk Hydro rating change  »

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FAST

Fastenal

$55.44

-0.15 (-0.27%)

07:43
01/17/18
01/17
07:43
01/17/18
07:43
Earnings
Fastenal reports Q4 EPS 45c ex-tax benefit, consensus 45c »

Management said,…

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  • 17

    Jan

LBTYA

Liberty Global

$36.56

-0.31 (-0.84%)

07:43
01/17/18
01/17
07:43
01/17/18
07:43
Upgrade
Liberty Global rating change  »

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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

Celgene

$104.82

-1.18 (-1.11%)

07:42
01/17/18
01/17
07:42
01/17/18
07:42
Recommendations
Juno Therapeutics, Celgene analyst commentary  »

Juno Therapeutics price…

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

03/08/13
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  • 18

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GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:42
01/17/18
01/17
07:42
01/17/18
07:42
Hot Stocks
Goldman CEO: Global economy poised to accelerate, tax reform providing tailwinds »

"Last year, we…

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  • 17

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    Jan

ONTX

Onconova

$1.74

-0.0901 (-4.92%)

07:42
01/17/18
01/17
07:42
01/17/18
07:42
Hot Stocks
Onconova increases sample size in Phase 3 INSPIRE pivotal trial in MDS »

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HALO

Halozyme

$19.74

-0.62 (-3.05%)

07:41
01/17/18
01/17
07:41
01/17/18
07:41
Technical Analysis
Technical Take: Halozyme drops in pre-market »

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  • 18

    Jan

07:41
01/17/18
01/17
07:41
01/17/18
07:41
Conference/Events
UBS oil services analyst holds an analyst/industry conference call »

Oil Services Analyst Wong…

GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:41
01/17/18
01/17
07:41
01/17/18
07:41
Hot Stocks
Goldman Sachs reports Basel III CET1 ratio of 10.9% at December 31 »

The firm's…

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  • 17

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C

Citi

$77.11

0.27 (0.35%)

07:40
01/17/18
01/17
07:40
01/17/18
07:40
Recommendations
Citi analyst commentary  »

Citi price target raised…

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  • 18

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GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:38
01/17/18
01/17
07:38
01/17/18
07:38
Hot Stocks
Goldman Sachs reports Q4 net revenue in FICC sales & trading $1B »

Net revenues in…

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  • 17

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SIG

Signet Jewelers

$56.79

-0.15 (-0.26%)

07:38
01/17/18
01/17
07:38
01/17/18
07:38
Periodicals
U.S. judge excludes 70,000 women from Sterling Jewelers lawsuit, Reuters says »

A U.S. judge has excluded…

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  • 23

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GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:37
01/17/18
01/17
07:37
01/17/18
07:37
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs »

Goldman Sachs says…

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  • 17

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    Jan

GG

Goldcorp

$15.39

1.04 (7.25%)

07:37
01/17/18
01/17
07:37
01/17/18
07:37
Downgrade
Goldcorp rating change  »

Goldcorp downgraded to…

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  • 15

    Feb

GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:36
01/17/18
01/17
07:36
01/17/18
07:36
Earnings
Goldman Sachs reports Q4 EPS $5.68 ex Tax Legislation, consensus $4.92 »

Reports Q4 revenue…

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  • 17

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    Jan

UNH

UnitedHealth

$232.90

4.26 (1.86%)

07:36
01/17/18
01/17
07:36
01/17/18
07:36
Recommendations
UnitedHealth analyst commentary  »

UnitedHealth price target…

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EGHT

8x8, Inc.

$15.30

0.05 (0.33%)

, RNG

RingCentral

$50.65

-1.7 (-3.25%)

07:36
01/17/18
01/17
07:36
01/17/18
07:36
Upgrade
8x8, Inc., RingCentral rating change  »

8x8, Inc. upgraded to…

EGHT

8x8, Inc.

$15.30

0.05 (0.33%)

RNG

RingCentral

$50.65

-1.7 (-3.25%)

03/08/13
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  • 17

    Jan

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ORCL

Oracle

$49.59

0.08 (0.16%)

, PBR

Petrobras

$11.70

0.23 (2.01%)

07:35
01/17/18
01/17
07:35
01/17/18
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

ORCL

Oracle

$49.59

0.08 (0.16%)

PBR

Petrobras

$11.70

0.23 (2.01%)

AMAT

Applied Materials

$54.50

1.05 (1.96%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

KMI

Kinder Morgan

$19.39

-0.13 (-0.67%)

KODK

Kodak

$8.50

-0.7 (-7.61%)

MGM

MGM Resorts

$36.03

1 (2.85%)

PX

Praxair

$162.10

-2.05 (-1.25%)

PVG

Pretium Resources

$11.65

0.5 (4.48%)

PAAS

Pan American Silver

$17.24

0.58 (3.48%)

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  • 17

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  • 16

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  • 25

    Mar

07:35
01/17/18
01/17
07:35
01/17/18
07:35
General news
U.S. MBA mortgage market index rose 4.1% »

U.S. MBA mortgage market…

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