Exxon Mobil (NYSE:XOM) Price Target Raised to $163.00

Exxon Mobil (NYSE:XOMGet Free Report) had its price objective hoisted by stock analysts at Barclays from $145.00 to $163.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price would indicate a potential upside of 3.48% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Bank of America lifted their price target on Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Mizuho set a $140.00 price objective on Exxon Mobil in a report on Wednesday, February 4th. Sanford C. Bernstein decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Wells Fargo & Company lowered their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Finally, TD Cowen boosted their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average price target of $147.06.

Read Our Latest Stock Analysis on XOM

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.39 during trading on Monday, reaching $157.51. The company had a trading volume of 5,286,051 shares, compared to its average volume of 21,077,100. The firm’s fifty day moving average is $141.99 and its 200 day moving average is $124.76. The firm has a market capitalization of $656.32 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $159.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter last year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil will post 7.43 EPS for the current year.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,150 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the sale, the vice president directly owned 18,204 shares of the company’s stock, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 13,380 shares of company stock valued at $1,871,484. 0.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently made changes to their positions in the stock. Maryland State Retirement & Pension System lifted its position in Exxon Mobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after acquiring an additional 5,573 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Exxon Mobil by 3.3% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after acquiring an additional 9,831 shares during the period. Capital Counsel LLC NY grew its position in shares of Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after purchasing an additional 460 shares during the last quarter. HORAN Wealth LLC increased its stake in shares of Exxon Mobil by 78.3% in the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after purchasing an additional 5,788 shares during the period. Finally, New Age Alpha Advisors LLC increased its stake in shares of Exxon Mobil by 5.6% in the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after purchasing an additional 8,853 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

More Exxon Mobil News

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Exxon Mobil Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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