Exxon Mobil (NYSE:XOM) Stock Price Expected to Rise, Piper Sandler Analyst Says

Exxon Mobil (NYSE:XOMGet Free Report) had its target price lifted by analysts at Piper Sandler from $145.00 to $186.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Piper Sandler’s target price indicates a potential upside of 20.53% from the stock’s previous close.

Several other analysts also recently commented on XOM. Bank of America raised their price objective on shares of Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a research note on Tuesday, February 3rd. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Mizuho set a $140.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average target price of $146.00.

Check Out Our Latest Stock Report on XOM

Exxon Mobil Trading Up 1.8%

Shares of NYSE:XOM traded up $2.74 during trading on Thursday, reaching $154.32. The stock had a trading volume of 8,335,059 shares, compared to its average volume of 20,984,701. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $159.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm’s fifty day moving average is $140.65 and its 200 day moving average is $124.07. The stock has a market cap of $642.99 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.21 and a beta of 0.35.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share. As a group, equities analysts forecast that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president owned 18,204 shares in the company, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 16,380 shares of company stock worth $2,227,734. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently made changes to their positions in the business. Berbice Capital Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $26,000. Midwest Capital Advisors LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Exxon Mobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares in the last quarter. Key Capital Management INC purchased a new stake in Exxon Mobil in the 4th quarter valued at $28,000. Finally, Westfuller Advisors LLC purchased a new stake in Exxon Mobil in the 3rd quarter valued at $30,000. 61.80% of the stock is owned by institutional investors.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Company Profile

(Get Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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