Exxon Mobil (NYSE:XOM) Given New $125.00 Price Target at Piper Sandler

Exxon Mobil (NYSE:XOM - Get Free Report) had its price objective reduced by investment analysts at Piper Sandler from $127.00 to $125.00 in a report released on Tuesday, Marketbeat reports. The brokerage currently has an "overweight" rating on the oil and gas company's stock. Piper Sandler's price objective indicates a potential upside of 15.60% from the company's previous close.

Several other analysts have also weighed in on the company. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.45 during mid-day trading on Tuesday, reaching $108.13. The company had a trading volume of 14,040,466 shares, compared to its average volume of 15,556,607. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $466.01 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. The company has a 50 day moving average of $108.98 and a 200-day moving average of $110.85. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Quantinno Capital Management LP lifted its holdings in Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $55,000. Rockline Wealth Management LLC increased its position in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after purchasing an additional 1,498 shares during the period. Renasant Bank raised its holdings in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after purchasing an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV raised its holdings in Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Company Profile

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.