Exxon Mobil (NYSE:XOM) PT Raised to $130.00

Exxon Mobil (NYSE:XOM) had its price objective raised by investment analysts at BMO Capital Markets from $127.00 to $130.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the oil and gas company’s stock. BMO Capital Markets’ price target indicates a potential upside of 4.14% from the stock’s current price.

Several other research firms also recently weighed in on XOM. Wolfe Research assumed coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.18.

Exxon Mobil Trading Up 1.8 %

Shares of NYSE:XOM opened at $124.83 on Friday. The business’s 50-day moving average is $116.31 and its 200 day moving average is $116.00. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $125.19. The firm has a market capitalization of $492.21 billion, a P/E ratio of 15.30, a P/E/G ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

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

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patron Partners LLC increased its stake in Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. increased its stake in Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after acquiring an additional 1,836 shares during the last quarter. Cooksen Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $136,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after acquiring an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after acquiring an additional 379,747 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.