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Exxon Mobil's (XOM) Hold (C) Rating Reiterated at Weiss Ratings

Exxon Mobil logo with Energy background

Key Points

  • Exxon Mobil's stock has been given a "hold (c)" rating by Weiss Ratings, affirming the current investment stance for the company.
  • Analyst price targets for Exxon Mobil vary, with TD Cowen raising their target to $128, while Barclays slightly decreased theirs from $127 to $126.
  • Exxon Mobil reported an EPS of $1.64 in its last earnings release, surpassing analysts' expectations, but revenue has decreased by 12.4% year-over-year.
  • MarketBeat previews the top five stocks to own by November 1st.

Exxon Mobil (NYSE:XOM - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts also recently issued reports on XOM. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Piper Sandler set a $141.00 target price on Exxon Mobil in a research report on Tuesday. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Finally, Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $124.75.

Check Out Our Latest Analysis on Exxon Mobil

Exxon Mobil Price Performance

NYSE:XOM traded up $0.56 during trading hours on Wednesday, reaching $114.82. The stock had a trading volume of 4,572,384 shares, compared to its average volume of 16,520,152. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $124.26. The company has a 50 day moving average price of $111.23 and a two-hundred day moving average price of $109.50. The stock has a market capitalization of $489.49 billion, a PE ratio of 16.33, a PEG ratio of 2.08 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 EPS. The company's revenue was down 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently made changes to their positions in the company. Journey Strategic Wealth LLC lifted its holdings in shares of Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after buying an additional 1,379 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after buying an additional 131,600 shares during the period. Legacy Trust lifted its holdings in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares during the period. Hartford Funds Management Co LLC lifted its holdings in shares of Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares during the period. Finally, Phoenix Financial Ltd. lifted its holdings in shares of Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after buying an additional 18,752 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

About Exxon Mobil

(Get Free Report)

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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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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.

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