Exxon Mobil (NYSE:XOM) PT Raised to $129.00 at Scotiabank

Exxon Mobil (NYSE:XOM) had its price target raised by analysts at Scotiabank from $114.00 to $129.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the oil and gas company’s stock. Scotiabank’s price target points to a potential upside of 7.17% from the company’s current price.

Several other brokerages also recently commented on XOM. Piper Sandler dropped their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, UBS Group dropped their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

XOM stock opened at $120.37 on Thursday. The company has a market cap of $477.61 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 4.27 and a beta of 0.96. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average is $109.87 and its 200-day moving average is $106.29.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.40 EPS. Equities research analysts forecast that Exxon Mobil will post 9.54 EPS for the current year.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Institutional Trading of Exxon Mobil

Several institutional investors have recently modified their holdings of XOM. Axiom Financial Strategies LLC grew its stake in shares of Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc acquired a new position in Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P lifted its holdings in Exxon Mobil by 318.8% in the first 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 buying an additional 13,065 shares during the period. Ergoteles LLC lifted its holdings in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil in the first quarter valued at $237,000. Institutional investors own 61.80% of the company’s stock.

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.