UBS Group Trims Exxon Mobil (NYSE:XOM) Target Price to $149.00

Exxon Mobil (NYSE:XOM - Get Free Report) had its price objective decreased by equities researchers at UBS Group from $157.00 to $149.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the oil and gas company's stock. UBS Group's price objective indicates a potential upside of 30.04% from the stock's current price.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada reissued a "sector perform" rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 9th. Truist Financial cut their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a "hold" rating for the company in a research report on Monday, July 22nd. Morgan Stanley decreased their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.76.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $0.40 during mid-day trading on Wednesday, reaching $114.58. The company's stock had a trading volume of 12,560,297 shares, compared to its average volume of 16,797,953. The stock has a 50-day moving average of $115.73 and a two-hundred day moving average of $115.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a market capitalization of $451.79 billion, a P/E ratio of 13.97, a P/E/G ratio of 4.38 and a beta of 0.90. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. On average, equities research analysts anticipate that Exxon Mobil will post 8.36 EPS for the current fiscal year.

Institutional Trading of Exxon Mobil

A number of large investors have recently made changes to their positions in the company. Gilbert & Cook Inc. lifted its position in shares of Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company's stock worth $2,547,000 after purchasing an additional 545 shares during the last quarter. Aveo Capital Partners LLC lifted its holdings in Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company's stock worth $2,053,000 after buying an additional 984 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in shares of Exxon Mobil by 42.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company's stock worth $1,827,000 after acquiring an additional 5,565 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Exxon Mobil by 18.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company's stock valued at $252,000 after acquiring an additional 400 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $915,000. 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.