Exxon Mobil (NYSE:XOM) Raised to Strong-Buy at Piper Sandler

Exxon Mobil (NYSE:XOM - Get Free Report) was upgraded by investment analysts at Piper Sandler from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $131.00 price objective on the oil and gas company's stock, up from their prior price objective of $125.00. Piper Sandler's target price points to a potential upside of 16.81% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil Price Performance

XOM stock traded up $1.10 on Wednesday, reaching $112.15. 11,223,580 shares of the company's stock were exchanged, compared to its average volume of 15,727,119. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $107.17 and a 200-day moving average of $108.45. The firm has a market cap of $483.33 billion, a PE ratio of 14.87, a P/E/G ratio of 2.12 and a beta of 0.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 EPS. As a group, equities analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Institutional Trading of Exxon Mobil

Several institutional investors have recently made changes to their positions in XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth about $29,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $31,000. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at approximately $31,000. Finally, Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.