Exxon Mobil (NYSE:XOM) Price Target Raised to $140.00 at Morgan Stanley

Exxon Mobil (NYSE:XOM) had its price target increased by Morgan Stanley from $139.00 to $140.00 in a research report released on Friday.

Several other research analysts also recently weighed in on XOM. UBS Group lowered their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday. Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Stock Down 2.5 %

XOM stock opened at $106.82 on Friday. The company has a market cap of $469.48 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The company has a fifty day moving average price of $110.66 and a 200 day moving average price of $115.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil has a 12 month low of $100.42 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its 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 9.61% and a return on equity of 14.73%. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Sell-side analysts expect that Exxon Mobil will post 7.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC increased its position in Exxon Mobil by 3.8% during the fourth quarter. Global Retirement Partners LLC now owns 84,439 shares of the oil and gas company’s stock worth $9,083,000 after buying an additional 3,115 shares in the last quarter. Bigelow Investment Advisors LLC boosted its stake in shares of Exxon Mobil by 1.0% during the 4th quarter. Bigelow Investment Advisors LLC now owns 13,727 shares of the oil and gas company’s stock worth $1,477,000 after purchasing an additional 130 shares during the last quarter. Timber Creek Capital Management LLC grew its holdings in shares of Exxon Mobil by 0.8% during the fourth quarter. Timber Creek Capital Management LLC now owns 60,269 shares of the oil and gas company’s stock worth $6,483,000 after buying an additional 484 shares in the last quarter. Plan Group Financial LLC raised its position in shares of Exxon Mobil by 13.3% in the fourth quarter. Plan Group Financial LLC now owns 12,761 shares of the oil and gas company’s stock valued at $1,373,000 after buying an additional 1,501 shares during the last quarter. Finally, Allied Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 1.7% during the fourth quarter. Allied Investment Advisors LLC now owns 108,444 shares of the oil and gas company’s stock valued at $11,665,000 after buying an additional 1,812 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.