UBS Group Increases Exxon Mobil (NYSE:XOM) Price Target to $150.00

Exxon Mobil (NYSE:XOM) had its price target boosted by research analysts at UBS Group from $133.00 to $150.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price objective points to a potential upside of 22.93% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company raised their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Piper Sandler cut their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Truist Financial lifted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen lifted their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $0.18 during mid-day trading on Thursday, reaching $122.02. The company’s stock had a trading volume of 11,121,085 shares, compared to its average volume of 18,261,791. The firm has a market cap of $484.16 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 4.29 and a beta of 0.96. The business has a 50 day moving average price of $109.12 and a 200-day moving average price of $106.16. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $122.69.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.40 earnings per share. Sell-side analysts predict that Exxon Mobil will post 9.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors have recently bought and sold shares of XOM. KB Financial Partners LLC purchased a new position in Exxon Mobil during the 1st quarter valued at about $27,000. Clarity Asset Management Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $34,000. IMA Wealth Inc. grew its stake in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $43,000. Finally, DHJJ Financial Advisors Ltd. purchased a new position in Exxon Mobil during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.