Exxon Mobil (NYSE:XOM) Price Target Increased to $135.00 by Analysts at TD Cowen

Exxon Mobil (NYSE:XOM) had its price target boosted by research analysts at TD Cowen from $128.00 to $135.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective would indicate a potential upside of 16.35% from the stock’s current price.

Several other research analysts also recently commented on XOM. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Truist Financial lifted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $134.06.

Exxon Mobil Stock Performance

XOM opened at $116.03 on Tuesday. The company’s 50 day moving average is $114.18 and its 200 day moving average is $106.86. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market cap of $459.28 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.14 and a beta of 0.96. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.83 EPS. On average, equities research analysts predict that Exxon Mobil will post 9.62 EPS for the current year.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Stone Point Wealth LLC boosted its stake in shares of Exxon Mobil by 4.0% during the first quarter. Stone Point Wealth LLC now owns 7,064 shares of the oil and gas company’s stock valued at $821,000 after purchasing an additional 274 shares during the period. Smith Shellnut Wilson LLC ADV lifted its holdings in Exxon Mobil by 58.6% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 12,031 shares of the oil and gas company’s stock valued at $1,398,000 after buying an additional 4,447 shares in the last quarter. StoneX Group Inc. boosted its position in Exxon Mobil by 5.9% in the 1st quarter. StoneX Group Inc. now owns 43,226 shares of the oil and gas company’s stock valued at $5,025,000 after buying an additional 2,392 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Exxon Mobil by 3.5% during the first quarter. Resonant Capital Advisors LLC now owns 44,850 shares of the oil and gas company’s stock worth $5,212,000 after acquiring an additional 1,530 shares during the period. Finally, KFA Private Wealth Group LLC boosted its holdings in shares of Exxon Mobil by 6.7% in the first quarter. KFA Private Wealth Group LLC now owns 7,593 shares of the oil and gas company’s stock valued at $883,000 after purchasing an additional 478 shares during the period. 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.