Exxon Mobil (NYSE:XOM) Price Target Cut to $137.00

Exxon Mobil (NYSE:XOM) had its price objective reduced by investment analysts at Barclays from $142.00 to $137.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price objective points to a potential upside of 12.35% from the company’s current price.

XOM has been the topic of a number of other reports. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Morgan Stanley lowered their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, UBS Group cut their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.44.

Exxon Mobil Price Performance

XOM stock traded up $0.42 during trading on Thursday, hitting $121.94. The stock had a trading volume of 6,003,731 shares, compared to its average volume of 16,789,771. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75. The company’s 50-day moving average price is $116.06 and its two-hundred day moving average price is $115.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $480.81 billion, a P/E ratio of 14.94, a PEG ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil will post 8.06 EPS for the current fiscal year.

Institutional Trading of Exxon Mobil

A number of large investors have recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC increased its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil in the second quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.