Exxon Mobil (NYSE:XOM) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Exxon Mobil's stock has been assigned a "hold (C)" rating by Weiss Ratings, which is consistent with other recent reports that also place it at a "hold" level.
• The company's stock price is currently around $115.43, with a 52-week range between $97.80 and $123.21, and a consensus price target set at $127.58.
• Insiders have recently sold shares, with VP Darrin L. Talley disposing of 2,158 shares valued at over $238,000, indicating a 13.5% decrease in his ownership.

Exxon Mobil (NYSE:XOM - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

XOM has been the subject of a number of other research reports. Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday, October 17th. They set an "overweight" rating and a $156.00 price objective for the company. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.58.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.55 on Friday, reaching $115.43. 3,356,813 shares of the company traded hands, compared to its average volume of 16,241,454. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The company's 50 day moving average is $112.41 and its 200-day moving average is $109.38. The stock has a market capitalization of $492.09 billion, a PE ratio of 16.40, a P/E/G ratio of 2.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. As a group, analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company's stock worth $46,468,147,000 after acquiring an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC increased its position in Exxon Mobil by 0.4% during the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company's stock worth $10,345,132,000 after buying an additional 342,967 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil during the second quarter worth $6,163,719,000. Bank of New York Mellon Corp increased its position in Exxon Mobil by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company's stock worth $5,023,298,000 after buying an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company's stock worth $3,611,553,000 after buying an additional 1,126,912 shares during the last quarter. 61.80% of the stock is 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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