Exxon Mobil (NYSE:XOM) Given New $127.00 Price Target at TD Cowen

Exxon Mobil (NYSE:XOM) had its price target decreased by investment analysts at TD Cowen from $130.00 to $127.00 in a research report issued on Monday, Briefing.com reports. The firm presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective would suggest a potential upside of 10.48% from the company’s previous close.

Several other analysts have also recently weighed in on XOM. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. UBS Group lowered their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.95 on Monday. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a fifty day simple moving average of $117.67 and a two-hundred day simple moving average of $116.33. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $453.25 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 EPS. As a group, equities analysts anticipate that Exxon Mobil will post 8.01 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

A number of large investors have recently bought and sold shares of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil during the first quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC grew its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.