Exxon Mobil (NYSE:XOM) Given New $140.00 Price Target at Morgan Stanley

Exxon Mobil (NYSE:XOM - Free Report) had its target price upped by Morgan Stanley from $139.00 to $140.00 in a report released on Friday morning.

Several other equities analysts also recently commented on XOM. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. Wolfe Research increased their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Mizuho lowered their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.26 during mid-day trading on Friday, reaching $107.09. 10,275,923 shares of the company traded hands, compared to its average volume of 15,122,229. Exxon Mobil has a 52 week low of $100.42 and a 52 week high of $126.34. The firm has a market cap of $470.65 billion, a PE ratio of 13.65, a PEG ratio of 2.79 and a beta of 0.89. The company's 50 day moving average price is $110.36 and its 200-day moving average price is $115.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm earned $2.48 earnings per share. On average, equities analysts expect that Exxon Mobil will post 7.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the fourth quarter valued at $47,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the third quarter valued at $51,000. Finally, Compass Financial Services Inc bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $48,000. 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.