Exxon Mobil (NYSE:XOM) Upgraded to "Hold" at Wall Street Zen

Key Points

• Exxon Mobil's stock rating was upgraded from "sell" to "hold" by analysts at Wall Street Zen.
• Piper Sandler raised their price target for Exxon Mobil from $134 to $145, while Mizuho lowered it from $129 to $124.
• Exxon Mobil reported a quarterly earnings per share of $1.64, exceeding expectations, although revenue was down 12.4% year-over-year.

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 research report issued to clients and investors on Sunday.

A number of other brokerages have also commented on XOM. Piper Sandler upped their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday. They issued a "hold" rating and a $111.00 price target on the stock. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Royal Bank Of Canada reiterated 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 Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Stock Up 1.7%

Exxon Mobil stock opened at $111.1220 on Friday. The firm has a market capitalization of $473.74 billion, a PE ratio of 15.78, a P/E/G ratio of 2.08 and a beta of 0.53. The company's 50-day moving average is $110.24 and its 200-day moving average is $108.88. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business 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 EPS. Exxon Mobil's quarterly revenue was down 12.4% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Institutional Trading of Exxon Mobil

A number of institutional investors and hedge funds have recently made changes to their positions in XOM. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring 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.

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