Exxon Mobil (NYSE:XOM) Price Target Raised to $145.00

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target lifted by stock analysts at Piper Sandler from $130.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the oil and gas company's stock. Piper Sandler's price objective points to a potential upside of 22.40% from the company's current price.

A number of other analysts also recently commented on the company. Truist Financial increased their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research report on Thursday, April 11th. Mizuho reaffirmed a "neutral" rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Wells Fargo & Company increased their price target on Exxon Mobil from $126.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $132.28.

Exxon Mobil Stock Down 0.1 %

Shares of Exxon Mobil stock traded down $0.17 on Thursday, hitting $118.46. The company had a trading volume of 13,815,115 shares, compared to its average volume of 18,241,619. The stock has a market capitalization of $468.90 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 4.08 and a beta of 0.96. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $123.75. The stock has a 50 day moving average of $110.89 and a 200-day moving average of $106.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.40 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil will post 9.7 earnings per share for the current year.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company's stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company's stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares in the last quarter. FMR LLC raised its position in Exxon Mobil by 3.0% during the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company's stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company's stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter valued at about $5,519,753,000. Finally, Morgan Stanley raised its position in Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company's stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares in the last quarter. 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.