JPMorgan Chase & Co. Issues Positive Forecast for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM) had its price target lifted by JPMorgan Chase & Co. from $127.00 to $128.00 in a research report issued to clients and investors on Thursday. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.33% from the company’s current price.

XOM has been the subject of a number of other research reports. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wells Fargo & Company increased their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. UBS Group lowered their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Finally, Mizuho raised their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $130.37.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.98 on Thursday. The stock’s 50-day moving average is $117.67 and its 200-day moving average is $116.36. The company has a market cap of $453.35 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the business posted $1.94 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil will post 8.05 earnings per share for the current year.

Institutional Trading of Exxon Mobil

Hedge funds have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter worth $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% during the second 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 period. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the period. Institutional investors own 61.80% of the company’s stock.

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.