Sanford C. Bernstein Has Lowered Expectations for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOMGet Free Report) had its price target dropped by research analysts at Sanford C. Bernstein from $142.00 to $137.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 13.04% from the stock’s current price.

XOM has been the topic of several other research reports. Zacks Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Mizuho increased their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Jefferies Financial Group raised their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. TD Cowen upped their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, UBS Group reissued a “buy” rating on shares of Exxon Mobil in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $129.81.

View Our Latest Stock Report on XOM

Exxon Mobil Trading Down 3.3%

Shares of XOM stock opened at $121.20 on Monday. The company has a market capitalization of $511.12 billion, a P/E ratio of 17.62, a P/E/G ratio of 7.72 and a beta of 0.37. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $125.93. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $117.64 and a 200 day moving average price of $113.69.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Research analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at $30,000. Game Plan Financial Advisors LLC grew its stake in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the second quarter worth about $38,000. Bare Financial Services Inc raised its position in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the period. Finally, Clayton Financial Group LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at about $40,000. Institutional investors own 61.80% of the company’s stock.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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