Exxon Mobil’s (XOM) Buy Rating Reaffirmed at UBS Group

Exxon Mobil (NYSE:XOM)‘s stock had its “buy” rating reissued by investment analysts at UBS Group in a research report issued on Monday,Benzinga reports. They presently have a $145.00 target price on the oil and gas company’s stock. UBS Group’s price objective would indicate a potential upside of 23.79% from the company’s previous close.

XOM has been the topic of several other research reports. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Piper Sandler lifted their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Exxon Mobil Trading Up 1.1%

Shares of XOM traded up $1.22 during trading hours on Monday, hitting $117.14. The stock had a trading volume of 822,433 shares, compared to its average volume of 16,022,398. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $120.81. The firm has a market cap of $493.99 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.06 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company’s fifty day simple moving average is $114.84 and its 200 day simple moving average is $111.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts forecast that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambria Investment Management L.P. boosted its position in shares of Exxon Mobil by 20.1% during the 3rd quarter. Cambria Investment Management L.P. now owns 105,757 shares of the oil and gas company’s stock worth $11,924,000 after purchasing an additional 17,699 shares in the last quarter. Strategic Advocates LLC purchased a new position in Exxon Mobil in the third quarter valued at about $178,000. Lantern Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 43.5% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 6,805 shares of the oil and gas company’s stock valued at $767,000 after acquiring an additional 2,062 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in Exxon Mobil during the third quarter worth $377,000. Finally, Alexander Labrunerie & CO. Inc. raised its holdings in Exxon Mobil by 1.4% during the third quarter. Alexander Labrunerie & CO. Inc. now owns 48,718 shares of the oil and gas company’s stock worth $5,493,000 after purchasing an additional 688 shares during the last quarter. 61.80% of the stock is 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.