Piper Sandler Issues Positive Forecast for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOMGet Free Report) had its price target lifted by research analysts at Piper Sandler from $145.00 to $186.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Piper Sandler’s target price indicates a potential upside of 20.53% from the company’s previous close.

Several other research analysts have also recently weighed in on XOM. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. TD Cowen lifted their target price on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Citigroup raised their price objective on shares of Exxon Mobil from $118.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Finally, UBS Group reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a research report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $146.00.

Check Out Our Latest Analysis on XOM

Exxon Mobil Stock Up 1.8%

XOM stock traded up $2.74 during trading on Thursday, reaching $154.32. The stock had a trading volume of 8,335,059 shares, compared to its average volume of 20,984,701. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $642.99 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.21 and a beta of 0.35. Exxon Mobil has a one year low of $97.80 and a one year high of $159.60. The company’s 50 day moving average is $140.65 and its two-hundred day moving average is $124.07.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. Equities research analysts forecast that Exxon Mobil will post 7.43 EPS for the current year.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 16,380 shares of company stock valued at $2,227,734. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors have recently made changes to their positions in XOM. ICW Investment Advisors LLC raised its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after purchasing an additional 69 shares during the period. Fortis Capital Management LLC boosted its stake in Exxon Mobil by 2.0% in the 4th quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 70 shares during the period. Peoples Bank OH grew its holdings in Exxon Mobil by 0.5% during the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after buying an additional 71 shares in the last quarter. Paulson Wealth Management Inc. grew its holdings in Exxon Mobil by 1.0% during the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after buying an additional 72 shares in the last quarter. Finally, Peirce Capital Management LLC increased its position in shares of Exxon Mobil by 1.7% during the fourth quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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About Exxon Mobil

(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.

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