Morgan Stanley Has Lowered Expectations for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM - Get Free Report) had its price objective reduced by investment analysts at Morgan Stanley from $142.00 to $140.00 in a research report issued on Thursday. Morgan Stanley's price target suggests a potential upside of 19.33% from the stock's current price.

XOM has been the subject of several other reports. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday. Wolfe Research increased their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday. Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. UBS Group cut their price target on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Finally, BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.37.

Exxon Mobil Price Performance

NYSE XOM traded up $0.63 during trading hours on Thursday, reaching $117.32. The company's stock had a trading volume of 5,978,197 shares, compared to its average volume of 16,342,798. The firm has a market capitalization of $462.59 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 5.00 and a beta of 0.89. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $126.34. The company's 50-day moving average is $117.66 and its two-hundred day moving average is $116.39. 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 - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts' expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. On average, equities analysts predict that Exxon Mobil will post 8.05 EPS for the current year.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently added to or reduced their stakes in the business. 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 valued at $307,000 after purchasing an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC lifted its position in shares of Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock valued at $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. boosted its stake in shares of Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock worth $483,000 after acquiring an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC raised its position in shares of Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company's stock worth $155,000 after purchasing an additional 88 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.

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