Exxon Mobil (NYSE:XOM) Rating Increased to Hold at Wall Street Zen

Exxon Mobil (NYSE:XOM - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

A number of other equities analysts have also recently weighed in on the stock. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.10.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.59 during midday trading on Friday, reaching $109.40. The company had a trading volume of 21,995,457 shares, compared to its average volume of 15,758,089. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $471.49 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 2.13 and a beta of 0.49. The stock has a fifty day simple moving average of $107.04 and a 200 day simple moving average of $108.50. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating 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 business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the business posted $2.06 earnings per share. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current year.

Institutional Trading of Exxon Mobil

Several large investors have recently made changes to their positions in the company. Axis Wealth Partners LLC lifted its stake in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the last quarter. Altus Wealth Group LLC raised its stake in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after buying an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after buying an additional 94 shares during the last quarter. Gagnon Securities LLC raised its stake in Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after buying an additional 95 shares during the last quarter. Finally, WPWealth LLP increased its stake in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds 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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