Exxon Mobil (NYSE:XOM) Price Target Raised to $132.00

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target lifted by investment analysts at TD Cowen from $127.00 to $132.00 in a research note issued on Tuesday, MarketBeat reports. The brokerage currently has a "buy" rating on the oil and gas company's stock. TD Cowen's price objective points to a potential upside of 11.30% from the stock's current price.

A number of other brokerages have also recently issued reports on XOM. Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, November 4th. Wolfe Research increased their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. UBS Group lowered their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Finally, Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $130.21.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $1.71 during midday trading on Tuesday, reaching $118.60. The company's stock had a trading volume of 7,095,935 shares, compared to its average volume of 16,284,974. 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 has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The business's 50 day moving average price is $118.59 and its two-hundred day moving average price is $116.42. The company has a market cap of $521.26 billion, a P/E ratio of 14.82, a P/E/G ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. On average, analysts forecast that Exxon Mobil will post 7.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. Vertex Planning Partners LLC increased its stake in shares of Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock worth $326,000 after acquiring an additional 83 shares during the last quarter. Etfidea LLC lifted its stake in Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock worth $307,000 after purchasing an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC lifted its stake in Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock worth $1,559,000 after purchasing an additional 86 shares during the last quarter. Integral Investment Advisors Inc. lifted its stake in Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after buying an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock valued at $76,000 after buying an additional 87 shares during 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.