TD Cowen Boosts Exxon Mobil (NYSE:XOM) Price Target to $145.00

Exxon Mobil (NYSE:XOM) had its target price upped by analysts at TD Cowen from $135.00 to $145.00 in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s target price would indicate a potential upside of 4.69% from the stock’s previous close.

XOM has been the subject of a number of other research reports. Wells Fargo & Company decreased their price target on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday. Citigroup upped their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Finally, Mizuho raised their target price on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.27.

Exxon Mobil Stock Down 2.0%

Shares of NYSE XOM opened at $138.51 on Tuesday. The stock has a fifty day moving average price of $123.25 and a 200 day moving average price of $116.34. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $142.34. The company has a market cap of $584.12 billion, a P/E ratio of 20.70, a P/E/G ratio of 14.93 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $27,000. Key Capital Management INC bought a new stake in Exxon Mobil in the fourth quarter worth about $28,000. Westfuller Advisors LLC bought a new stake in Exxon Mobil in the third quarter worth about $30,000. Nvest Wealth Strategies Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $32,000. Finally, DecisionPoint Financial LLC boosted its position in shares of Exxon Mobil by 968.0% during the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.