Exxon Mobil (NYSE:XOM) Price Target Raised to $144.00

Exxon Mobil (NYSE:XOM) had its target price increased by research analysts at Bernstein Bank from $138.00 to $144.00 in a research note issued to investors on Friday. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Bernstein Bank’s price target indicates a potential upside of 32.70% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. TD Cowen cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $108.51 on Friday. The firm’s fifty day moving average is $110.66 and its two-hundred day moving average is $115.29. Exxon Mobil has a 52-week low of $100.42 and a 52-week high of $126.34. The company has a market cap of $476.93 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. As a group, analysts anticipate that Exxon Mobil will post 7.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after acquiring an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Exxon Mobil by 168.5% in the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after acquiring an additional 2,842,844 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in shares of Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares in the last quarter. 61.80% 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.