HSBC Boosts Exxon Mobil (NYSE:XOM) Price Target to $120.00

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target boosted by analysts at HSBC from $111.00 to $120.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "hold" rating on the oil and gas company's stock. HSBC's price objective would indicate a potential upside of 1.51% from the stock's previous close.

A number of other research firms also recently issued reports on XOM. Mizuho reissued a "neutral" rating and issued a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. TD Cowen raised their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an "overweight" rating and a $147.00 price target on the stock. Finally, Truist Financial lifted their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a report on Friday, April 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $133.56.

Exxon Mobil Stock Down 1.2 %

NYSE:XOM traded down $1.42 on Tuesday, reaching $118.22. 21,079,912 shares of the stock traded hands, compared to its average volume of 18,238,875. The company has a market capitalization of $467.95 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 4.05 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75. The company's fifty day simple moving average is $113.96 and its 200 day simple moving average is $106.79.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts' expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.83 EPS. Equities analysts predict that Exxon Mobil will post 9.7 EPS for the current fiscal year.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Darrin L. Talley sold 2,400 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the business's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of the business. Carmel Capital Partners LLC increased its position in Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company's stock valued at $1,022,000 after purchasing an additional 86 shares during the period. PFS Partners LLC grew its position in shares of Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company's stock worth $2,190,000 after buying an additional 89 shares during the last quarter. Bay Rivers Group grew its position in shares of Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company's stock worth $436,000 after buying an additional 90 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Exxon Mobil by 0.8% in the 1st quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company's stock worth $1,302,000 after buying an additional 93 shares during the last quarter. Finally, Money Concepts Capital Corp grew its position in shares of Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company's stock worth $367,000 after buying an additional 95 shares during 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.