S&P 500   3,841.94
DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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Exxon Mobil (NYSE:XOM) Price Target Increased to $65.00 by Analysts at Barclays

Last updated on Friday, February 26, 2021 | 2021 MarketBeat

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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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 [email protected]


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