Exxon Mobil (NYSE:XOM) Price Target Raised to $128.00

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target lifted by stock analysts at TD Cowen from $120.00 to $128.00 in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage presently has a "buy" rating on the oil and gas company's stock. TD Cowen's price objective points to a potential upside of 11.49% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.81 on Monday. The stock has a market cap of $494.77 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.49. 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 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $106.56 and a 200-day simple moving average of $108.56.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. On average, analysts expect that Exxon Mobil will post 7.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the 1st quarter worth $31,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in 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 worth $35,000 after buying an additional 238 shares during the period. Institutional investors own 61.80% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.