Wells Fargo & Company Increases Exxon Mobil (NYSE:XOM) Price Target to $142.00

Exxon Mobil (NYSE:XOM) had its target price increased by stock analysts at Wells Fargo & Company from $138.00 to $142.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 19.02% from the stock’s current price.

Other analysts also recently issued reports about the stock. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.33.

Exxon Mobil Stock Down 0.3 %

Shares of NYSE XOM traded down $0.33 during mid-day trading on Tuesday, hitting $119.31. 4,677,134 shares of the stock traded hands, compared to its average volume of 18,035,006. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market cap of $472.26 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 4.05 and a beta of 0.96. The stock has a fifty day moving average price of $113.65 and a 200-day moving average price of $106.73. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.83 earnings per share. Research analysts anticipate that Exxon Mobil will post 9.7 EPS for the current year.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Exxon Mobil

A number of large investors have recently made changes to their positions in the business. Joel Isaacson & Co. LLC increased its stake in Exxon Mobil by 16.9% during the first quarter. Joel Isaacson & Co. LLC now owns 49,793 shares of the oil and gas company’s stock worth $5,788,000 after acquiring an additional 7,205 shares during the last quarter. Windle Wealth LLC lifted its stake in Exxon Mobil by 7.5% in the first quarter. Windle Wealth LLC now owns 59,999 shares of the oil and gas company’s stock worth $6,974,000 after purchasing an additional 4,175 shares during the last quarter. Vest Financial LLC boosted its position in shares of Exxon Mobil by 42.4% during the first quarter. Vest Financial LLC now owns 538,567 shares of the oil and gas company’s stock valued at $62,603,000 after buying an additional 160,266 shares during the period. Garrett Wealth Advisory Group LLC grew its stake in shares of Exxon Mobil by 17.1% during the first quarter. Garrett Wealth Advisory Group LLC now owns 15,925 shares of the oil and gas company’s stock valued at $1,851,000 after buying an additional 2,325 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in shares of Exxon Mobil by 7.2% in the first quarter. Caprock Group LLC now owns 48,512 shares of the oil and gas company’s stock worth $5,639,000 after buying an additional 3,263 shares during the period. 61.80% of the stock is currently owned by institutional investors.

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.