Piper Sandler Cuts Exxon Mobil (NYSE:XOM) Price Target to $125.00

Exxon Mobil (NYSE:XOM - Get Free Report) had its target price dropped by stock analysts at Piper Sandler from $127.00 to $125.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the oil and gas company's stock. Piper Sandler's price objective would indicate a potential upside of 13.75% from the company's previous close.

XOM has been the subject of a number of other research reports. Royal Bank of Canada decreased their price target on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Price Performance

NYSE XOM traded up $0.73 during mid-day trading on Tuesday, hitting $109.89. The stock had a trading volume of 4,357,495 shares, compared to its average volume of 15,538,476. 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 company has a market cap of $473.59 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a 50 day simple moving average of $109.04 and a 200 day simple moving average of $111.01.

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

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth $6,936,737,000. Nuveen LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $2,730,414,000. GQG Partners LLC raised its position in Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after buying an additional 10,004,975 shares during the last quarter. GAMMA Investing LLC boosted its position in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.

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