Exxon Mobil (NYSE:XOM) PT Raised to $157.00 at UBS Group

Exxon Mobil (NYSE:XOM) had its price target upped by analysts at UBS Group from $156.00 to $157.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price objective points to a potential upside of 37.90% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Truist Financial lowered their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $113.85 on Tuesday. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75. The stock’s fifty day moving average price is $114.90 and its 200-day moving average price is $113.67. The firm has a market cap of $448.91 billion, a P/E ratio of 13.95, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil will post 8.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $34,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at about $39,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

About Exxon Mobil

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.