Exxon Mobil (NYSE:XOM) Now Covered by Melius Research

Key Points

• Melius Research has initiated coverage on Exxon Mobil (NYSE:XOM) with a "hold" rating and a price target of $111.00, indicating a potential upside of 1.72% from its current price.
• Exxon Mobil reported $1.64 earnings per share for the latest quarter, surpassing analysts' expectations, but its revenue declined by 12.4% compared to the previous year.
• The stock has a consensus rating of "Hold" with an average target price of $124.43, reflecting diverse opinions among analysts, including one Strong Buy, eight Buy, and eleven Hold ratings.

Analysts at Melius Research started coverage on shares of Exxon Mobil (NYSE:XOM - Get Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage set a "hold" rating and a $111.00 price target on the oil and gas company's stock. Melius Research's price target points to a potential upside of 1.72% from the stock's current price.

Several other analysts also recently issued reports on XOM. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Piper Sandler lifted their target price on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $124.43.

Exxon Mobil Trading Up 1.6%

NYSE XOM traded up $1.7010 on Wednesday, hitting $109.1210. 1,733,428 shares of the company were exchanged, compared to its average volume of 16,663,355. 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 has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $465.21 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. The company's 50 day moving average price is $110.29 and its 200-day moving average price is $108.87.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the firm posted $2.14 earnings per share. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. Analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at about $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares during the period. Institutional investors own 61.80% of the company's stock.

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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