Exxon Mobil (NYSE:XOM) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has increased its price target for Exxon Mobil from $130.00 to $143.00, suggesting a potential upside of 31.03% from the current stock price, and maintains a "buy" rating.
• Exxon Mobil's stock has shown a 1.6% increase in midday trading, reaching $109.14, with a market cap of approximately $465.28 billion.
• Analysts have mixed opinions on Exxon Mobil, with a consensus rating of "Hold" and a price target averaging $125.00, while various firms have issued ratings ranging from "Strong Buy" to "Sell."

Exxon Mobil (NYSE:XOM - Get Free Report) had its price objective hoisted by analysts at UBS Group from $130.00 to $143.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the oil and gas company's stock. UBS Group's price objective would indicate a potential upside of 31.03% from the company's current price.

Several other equities research analysts also recently commented on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday. They issued a "hold" rating and a $111.00 price objective for the company. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Trading Up 1.6%

XOM stock traded up $1.7180 during midday trading on Wednesday, hitting $109.1380. The stock had a trading volume of 9,694,476 shares, compared to its average volume of 16,717,094. The firm has a market cap of $465.28 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a fifty day moving average price of $110.29 and a two-hundred day moving average price of $108.87.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating 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 firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. The business's quarterly revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Axis Wealth Partners LLC boosted its holdings in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after purchasing an additional 90 shares during the period. Park Edge Advisors LLC raised its position in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. raised its position in shares of Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after buying an additional 91 shares in the last quarter. Chapin Davis Inc. raised its position in shares of Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. raised its position in shares of Exxon Mobil by 2.1% during the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company's stock valued at $476,000 after buying an additional 93 shares in the last quarter. 61.80% of the stock is owned by 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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