Exxon Mobil (NYSE:XOM) Given New $131.00 Price Target at UBS Group

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target lowered by UBS Group from $135.00 to $131.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the oil and gas company's stock. UBS Group's price objective would suggest a potential upside of 22.61% from the stock's current price.

Several other brokerages also recently weighed in on XOM. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Stock Up 2.5 %

Shares of NYSE XOM traded up $2.65 during mid-day trading on Monday, hitting $106.84. The company had a trading volume of 17,830,092 shares, compared to its average volume of 15,988,172. The company has a market capitalization of $462.12 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The business's 50-day simple moving average is $109.82 and its 200 day simple moving average is $112.81. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business posted $2.48 earnings per share. On average, analysts predict that Exxon Mobil will post 7.43 earnings per share for the current year.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after buying an additional 521,932 shares during the last quarter. McIlrath & Eck LLC raised its holdings in shares of Exxon Mobil by 7.4% in the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock worth $657,000 after purchasing an additional 387 shares during the period. Passumpsic Savings Bank lifted its stake in shares of Exxon Mobil by 50.5% in the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock valued at $424,000 after purchasing an additional 1,214 shares in the last quarter. Advisory Resource Group grew its holdings in shares of Exxon Mobil by 3.0% during the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock worth $5,123,000 after purchasing an additional 1,270 shares during the period. Finally, Diamant Asset Management Inc. increased its position in Exxon Mobil by 0.9% during the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock worth $1,518,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other 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.