Bernstein Bank Forecasts Strong Price Appreciation for Exxon Mobil (NYSE:XOM) Stock

Exxon Mobil (NYSE:XOM - Free Report) had its target price boosted by Bernstein Bank from $138.00 to $144.00 in a research note issued to investors on Friday morning. The brokerage currently has an overweight rating on the oil and gas company's stock.

Several other analysts have also issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. BMO Capital Markets raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, Piper Sandler dropped their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $0.26 during trading on Friday, hitting $107.09. The stock had a trading volume of 10,275,923 shares, compared to its average volume of 15,122,229. The stock's 50 day moving average is $110.36 and its two-hundred day moving average is $115.21. Exxon Mobil has a 1 year low of $100.42 and a 1 year high of $126.34. The stock has a market cap of $470.65 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 EPS. As a group, analysts predict that Exxon Mobil will post 7.65 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Geode Capital Management LLC lifted its position in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Franklin Resources Inc. lifted its position in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after buying an additional 4,415,012 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock worth $3,652,589,000 after buying an additional 146,374 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company's stock valued at $3,422,538,000 after acquiring an additional 949,875 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.