Exxon Mobil (NYSE:XOM) PT Raised to $150.00 at UBS Group

Exxon Mobil (NYSE:XOM) had its price target hoisted by equities research analysts at UBS Group from $133.00 to $150.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price target would suggest a potential upside of 24.62% from the company’s previous close.

A number of other brokerages have also recently issued reports on XOM. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday. Piper Sandler decreased their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Wells Fargo & Company boosted their target price on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, TD Cowen upped their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Trading Down 1.2 %

NYSE XOM opened at $120.37 on Thursday. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a 50-day moving average of $109.87 and a 200-day moving average of $106.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market cap of $477.61 billion, a P/E ratio of 13.54, a P/E/G ratio of 4.27 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the business earned $3.40 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil will post 9.54 earnings per share for the current year.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently made changes to their positions in XOM. Axiom Financial Strategies LLC raised its position in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $275,000. Loomis Sayles & Co. L P raised its position in shares of Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC raised its position in shares of Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $237,000. 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.