Exxon Mobil (NYSE:XOM) Price Target Raised to $151.00 at Bank of America

Exxon Mobil (NYSE:XOM) had its target price raised by investment analysts at Bank of America from $135.00 to $151.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Bank of America‘s price objective would suggest a potential downside of 1.01% from the stock’s previous close.

Several other research firms have also issued reports on XOM. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Piper Sandler decreased their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. TD Cowen upped their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. UBS Group reissued a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus target price of $141.53.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $152.55 on Monday. 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 $635.62 billion, a P/E ratio of 22.80, a PEG ratio of 15.82 and a beta of 0.39. The stock’s 50 day moving average is $135.64 and its 200 day moving average is $121.77. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $156.93.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 14,230 shares of company stock worth $1,888,421 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Exxon Mobil

Several hedge funds have recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Exxon Mobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Key Capital Management INC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $28,000. Finally, Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $30,000. Institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

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.