Exxon Mobil (NYSE:XOM) Stock Price Expected to Rise, Scotiabank Analyst Says

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target increased by equities researchers at Scotiabank from $115.00 to $125.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the oil and gas company's stock. Scotiabank's target price would indicate a potential upside of 9.60% from the company's current price.

A number of other brokerages have also recently weighed in on XOM. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Stock Down 1.2%

Shares of Exxon Mobil stock traded down $1.38 during trading on Friday, hitting $114.05. 13,217,523 shares of the stock were exchanged, compared to its average volume of 15,804,315. The stock has a market cap of $491.52 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The firm's 50-day moving average price is $108.01 and its 200 day moving average price is $108.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $126.34.

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 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the firm posted $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

Several hedge funds have recently modified their holdings of the business. CHICAGO TRUST Co NA raised its position in Exxon Mobil by 4.6% in the second quarter. CHICAGO TRUST Co NA now owns 58,978 shares of the oil and gas company's stock worth $6,358,000 after acquiring an additional 2,591 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. increased its holdings in shares of Exxon Mobil by 1.1% in the 2nd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 9,888 shares of the oil and gas company's stock valued at $1,066,000 after purchasing an additional 111 shares in the last quarter. Baring Financial LLC lifted its stake in shares of Exxon Mobil by 14.0% in the second quarter. Baring Financial LLC now owns 5,025 shares of the oil and gas company's stock valued at $542,000 after purchasing an additional 618 shares during the period. Golden State Equity Partners boosted its holdings in Exxon Mobil by 20.8% during the second quarter. Golden State Equity Partners now owns 25,481 shares of the oil and gas company's stock worth $2,747,000 after buying an additional 4,379 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Exxon Mobil by 0.5% during the second quarter. AdvisorNet Financial Inc now owns 88,295 shares of the oil and gas company's stock worth $9,518,000 after buying an additional 429 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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.