Exxon Mobil (NYSE:XOM – Get Free Report) had its target price boosted by equities researchers at Wells Fargo & Company from $127.00 to $130.00 in a research report issued on Friday, FlyOnTheWall reports. Wells Fargo & Company‘s price target indicates a potential upside of 13.28% from the company’s current price.
XOM has been the topic of a number of other research reports. Truist Financial lowered their price target on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Mizuho increased their target price on Exxon Mobil from $131.00 to $139.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Thursday. Finally, UBS Group increased their target price on Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $123.74.
Get Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Stock Performance
Shares of XOM stock opened at $114.76 on Friday. The company has a market cap of $459.41 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. The stock has a 50 day simple moving average of $109.33 and a 200-day simple moving average of $108.62. Exxon Mobil has a 12-month low of $83.89 and a 12-month high of $119.92. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The firm had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business’s revenue was down 28.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.14 EPS. On average, equities analysts forecast that Exxon Mobil will post 8.94 EPS for the current year.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey W. Ubben bought 458,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Exxon Mobil
A number of hedge funds have recently bought and sold shares of XOM. Bank Julius Baer & Co. Ltd Zurich grew its stake in Exxon Mobil by 100,169.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock worth $110,718,458,000 after purchasing an additional 1,031,310,373 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter worth about $5,226,390,000. Imprint Wealth LLC grew its stake in Exxon Mobil by 9,115.2% in the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after purchasing an additional 11,181,673 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Exxon Mobil by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock worth $5,218,954,000 after purchasing an additional 6,580,247 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.
About Exxon Mobil
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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