TD Cowen Has Lowered Expectations for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM) had its price target cut by equities research analysts at TD Cowen from $130.00 to $127.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s target price would suggest a potential upside of 6.76% from the stock’s current price.

XOM has been the topic of a number of other research reports. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE XOM opened at $118.96 on Monday. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $126.34. The firm has a market capitalization of $469.06 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 4.79 and a beta of 0.90. The stock has a 50 day moving average price of $117.69 and a 200 day moving average price of $116.33. 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 released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil will post 7.99 earnings per share for the current year.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently made changes to their positions in the stock. Haverford Trust Co boosted its holdings in Exxon Mobil by 1.2% in the 3rd quarter. Haverford Trust Co now owns 149,418 shares of the oil and gas company’s stock valued at $17,515,000 after purchasing an additional 1,830 shares during the last quarter. Empower Advisory Group LLC boosted its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. Empower Advisory Group LLC now owns 1,411,160 shares of the oil and gas company’s stock worth $165,416,000 after purchasing an additional 41,974 shares during the period. Aptus Capital Advisors LLC raised its position in Exxon Mobil by 17.6% in the third quarter. Aptus Capital Advisors LLC now owns 365,354 shares of the oil and gas company’s stock valued at $42,827,000 after purchasing an additional 54,623 shares during the period. Commonwealth Retirement Investments LLC boosted its position in shares of Exxon Mobil by 2.5% during the third quarter. Commonwealth Retirement Investments LLC now owns 74,734 shares of the oil and gas company’s stock worth $8,760,000 after buying an additional 1,816 shares during the period. Finally, First Heartland Consultants Inc. grew its stake in shares of Exxon Mobil by 0.9% in the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after buying an additional 87 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.