Exxon Mobil (NYSE:XOM) Stock Price Expected to Rise, Piper Sandler Analyst Says

Exxon Mobil (NYSE:XOM - Get Free Report) had its price objective upped by equities researchers at Piper Sandler from $131.00 to $134.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the oil and gas company's stock. Piper Sandler's target price suggests a potential upside of 18.06% from the stock's current price.

Other analysts have also recently issued research reports about the stock. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.55.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $2.39 during midday trading on Tuesday, reaching $113.50. The company's stock had a trading volume of 7,499,410 shares, compared to its average volume of 15,739,107. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business's 50 day moving average price is $107.37 and its two-hundred day moving average price is $108.58. The company has a market cap of $489.14 billion, a P/E ratio of 15.05, a P/E/G ratio of 2.16 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $86.11 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The company's revenue was up .1% on a year-over-year basis. On average, analysts forecast that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in Exxon Mobil by 35.3% in the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after purchasing an additional 4,760 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Exxon Mobil in the fourth quarter valued at about $863,000. Tortoise Investment Management LLC boosted its stake in shares of Exxon Mobil by 2.8% during the 4th quarter. Tortoise Investment Management LLC now owns 4,214 shares of the oil and gas company's stock valued at $453,000 after purchasing an additional 115 shares in the last quarter. Claris Advisors LLC MO boosted its stake in shares of Exxon Mobil by 44.2% during the 4th quarter. Claris Advisors LLC MO now owns 6,384 shares of the oil and gas company's stock valued at $687,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Davis R M Inc. boosted its stake in shares of Exxon Mobil by 4.9% during the 4th quarter. Davis R M Inc. now owns 421,722 shares of the oil and gas company's stock valued at $45,365,000 after purchasing an additional 19,607 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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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