Wells Fargo & Company Has Lowered Expectations for Exxon Mobil (NYSE:XOM) Stock Price

Key Points

• Wells Fargo cut its price target on Exxon Mobil from $158 to $156 while keeping an "overweight" rating, implying roughly an 11.96% upside from the prior close.
• Consensus among analysts is a Moderate Buy with a consensus target of $135.53, though individual targets and ratings vary widely (ranging roughly $130–$171 and from Strong Buy to Sell).
• Exxon beat Q4 estimates with EPS of $1.71 versus $1.63 expected and revenue of $82.31B versus $77.98B, and its shares recently traded at $139.33 within a one‑year range of $97.80–$142.34.

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target dropped by research analysts at Wells Fargo & Company from $158.00 to $156.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the oil and gas company's stock. Wells Fargo & Company's target price would indicate a potential upside of 11.96% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. Sanford C. Bernstein dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an "outperform" rating for the company in a research report on Monday, January 5th. UBS Group restated a "buy" rating and set a $171.00 target price on shares of Exxon Mobil in a research report on Monday. TD Cowen reiterated a "buy" rating on shares of Exxon Mobil in a research report on Monday, January 26th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, January 16th. Finally, Barclays raised their target price on shares of Exxon Mobil from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $135.53.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $2.07 during trading on Monday, reaching $139.33. The company's stock had a trading volume of 3,973,176 shares, compared to its average volume of 19,398,014. The stock has a 50-day moving average price of $122.80 and a two-hundred day moving average price of $116.15. The stock has a market capitalization of $587.58 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 14.93 and a beta of 0.37. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Exxon Mobil has a one year low of $97.80 and a one year high of $142.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $82.31 billion during the quarter, compared to analysts' expectations of $77.98 billion. During the same quarter last year, the company posted $1.67 EPS. The company's quarterly revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $27,000. Key Capital Management INC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $28,000. Westfuller Advisors LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $30,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Finally, DecisionPoint Financial LLC boosted its stake in shares of Exxon Mobil by 968.0% during the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company's stock worth $32,000 after acquiring an additional 242 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Company Profile

Exxon Mobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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