Exxon Mobil (NYSE:XOM) had its target price lifted by equities research analysts at Barclays from $50.00 to $65.00 in a report issued on Friday, The Fly reports. Barclays's price target would indicate a potential upside of 19.18% from the company's current price.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating and set a $51.00 target price on the stock. in a research report on Monday, January 18th. Mizuho assumed coverage on Exxon Mobil in a report on Tuesday, January 12th. They issued a "neutral" rating and a $49.00 target price for the company. BNP Paribas upgraded Exxon Mobil from an "underperform" rating to a "neutral" rating and set a $45.50 target price for the company in a report on Monday, February 8th. Truist Financial upped their target price on Exxon Mobil from $39.00 to $45.00 in a report on Friday, December 18th. Finally, Royal Bank of Canada reiterated a "sell" rating and issued a $50.00 target price on shares of Exxon Mobil in a report on Wednesday, February 3rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company's stock. Exxon Mobil has a consensus rating of "Hold" and a consensus target price of $49.04.
XOM traded down $1.22 on Friday, hitting $54.54. 2,075,015 shares of the company's stock traded hands, compared to its average volume of 29,822,688. The company's 50 day simple moving average is $48.85 and its 200-day simple moving average is $40.89. The firm has a market cap of $230.61 billion, a price-to-earnings ratio of 32.51 and a beta of 1.31. Exxon Mobil has a one year low of $30.11 and a one year high of $57.24. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Monday, February 1st. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $46.54 billion for the quarter, compared to the consensus estimate of $48.76 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm's quarterly revenue was down 30.7% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. As a group, equities analysts anticipate that Exxon Mobil will post -0.52 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Perigon Wealth Management LLC boosted its position in Exxon Mobil by 16.1% during the fourth quarter. Perigon Wealth Management LLC now owns 42,405 shares of the oil and gas company's stock worth $1,748,000 after purchasing an additional 5,885 shares in the last quarter. SevenBridge Financial Group LLC lifted its position in shares of Exxon Mobil by 48.2% in the fourth quarter. SevenBridge Financial Group LLC now owns 28,536 shares of the oil and gas company's stock valued at $1,176,000 after acquiring an additional 9,281 shares in the last quarter. HighMark Wealth Management LLC lifted its position in shares of Exxon Mobil by 34.3% in the fourth quarter. HighMark Wealth Management LLC now owns 4,156 shares of the oil and gas company's stock valued at $171,000 after acquiring an additional 1,061 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its position in shares of Exxon Mobil by 12.9% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,880 shares of the oil and gas company's stock valued at $1,067,000 after acquiring an additional 2,966 shares in the last quarter. Finally, Kinloch Capital LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $2,046,000. Institutional investors own 50.90% of the company's stock.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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