Exxon Mobil (NYSE:XOM - Get Free Report) was upgraded by equities research analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm currently has a $145.00 price target on the oil and gas company's stock, up from their prior price target of $129.00. Scotiabank's price objective suggests a potential upside of 18.76% from the stock's previous close.
A number of other research analysts have also recently commented on the stock. Morgan Stanley reduced their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. BNP Paribas cut shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research report on Wednesday. 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 for the company. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a report on Monday, August 5th. Finally, Truist Financial dropped their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $132.61.
View Our Latest Report on XOM
Exxon Mobil stock opened at $122.10 on Thursday. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm's fifty day moving average price is $116.64 and its 200-day moving average price is $116.21. The stock has a market cap of $481.44 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.
Exxon Mobil (NYSE:XOM - Get Free Report) 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 the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. On average, equities research analysts expect that Exxon Mobil will post 8.06 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc grew its position in shares of Exxon Mobil by 12.4% in the 4th quarter. Bell Investment Advisors Inc now owns 3,864 shares of the oil and gas company's stock worth $386,000 after buying an additional 427 shares during the period. Bayesian Capital Management LP bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $8,298,000. Buckingham Strategic Wealth LLC lifted its holdings in shares of Exxon Mobil by 5.2% during the fourth quarter. Buckingham Strategic Wealth LLC now owns 208,262 shares of the oil and gas company's stock valued at $20,822,000 after purchasing an additional 10,246 shares during the last quarter. Gotham Asset Management LLC boosted its position in shares of Exxon Mobil by 32.5% in the 4th quarter. Gotham Asset Management LLC now owns 228,224 shares of the oil and gas company's stock worth $22,818,000 after purchasing an additional 55,923 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC boosted its position in shares of Exxon Mobil by 7.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 18,546 shares of the oil and gas company's stock worth $1,854,000 after purchasing an additional 1,353 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
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.
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