Credit Suisse Group Boosts Exxon Mobil (NYSE:XOM) Price Target to $69.00


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Exxon Mobil (NYSE:XOM) had its price objective increased by equities research analysts at Credit Suisse Group from $66.00 to $69.00 in a research report issued to clients and investors on Monday, Price Targets.com reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Credit Suisse Group’s price target points to a potential upside of 16.57% from the stock’s current price.

XOM has been the topic of a number of other research reports. UBS Group restated a “neutral” rating and set a $62.00 price target (up previously from $48.00) on shares of Exxon Mobil in a research note on Monday, March 15th. Wells Fargo & Company lifted their target price on Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, March 2nd. MKM Partners lifted their target price on Exxon Mobil from $56.00 to $60.00 in a report on Thursday, March 4th. Truist lifted their target price on Exxon Mobil from $50.00 to $60.00 in a report on Thursday, March 4th. Finally, Morgan Stanley lifted their target price on Exxon Mobil from $60.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, March 16th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $55.81.

XOM opened at $59.19 on Monday. Exxon Mobil has a 1 year low of $31.11 and a 1 year high of $62.55. The firm has a market capitalization of $250.58 billion, a PE ratio of 35.23 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The business’s 50-day moving average is $56.79 and its two-hundred day moving average is $47.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.06. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business had revenue of $59.15 billion for the quarter, compared to analyst estimates of $55.36 billion. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil will post -0.52 EPS for the current year.

In other news, Director Michael J. Angelakis purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 1st. The stock was purchased at an average cost of $57.16 per share, for a total transaction of $1,429,000.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $457,280. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Roosevelt Investment Group LLC grew its holdings in Exxon Mobil by 1.6% in the 1st quarter. Roosevelt Investment Group LLC now owns 10,921 shares of the oil and gas company’s stock valued at $610,000 after buying an additional 170 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its holdings in Exxon Mobil by 0.5% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 34,276 shares of the oil and gas company’s stock valued at $1,914,000 after buying an additional 171 shares in the last quarter. Zeke Capital Advisors LLC grew its holdings in Exxon Mobil by 1.8% in the 1st quarter. Zeke Capital Advisors LLC now owns 10,326 shares of the oil and gas company’s stock valued at $577,000 after buying an additional 179 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its holdings in Exxon Mobil by 1.8% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 10,523 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 185 shares in the last quarter. Finally, Heritage Wealth Advisors grew its holdings in Exxon Mobil by 0.6% in the 1st quarter. Heritage Wealth Advisors now owns 33,582 shares of the oil and gas company’s stock valued at $1,875,000 after buying an additional 186 shares in the last quarter. Institutional investors own 50.90% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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