TD Cowen Forecasts Strong Price Appreciation for Exxon Mobil (NYSE:XOM) Stock

Exxon Mobil (NYSE:XOM) had its price objective raised by equities research analysts at TD Cowen from $135.00 to $145.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price target suggests a potential upside of 4.69% from the stock’s current price.

XOM has been the subject of a number of other reports. Mizuho upped their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target for the company. in a research report on Tuesday. Bank of America raised their price objective on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, UBS Group restated a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $140.27.

Exxon Mobil Stock Performance

XOM opened at $138.51 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm has a market cap of $584.12 billion, a PE ratio of 20.70, a P/E/G ratio of 14.93 and a beta of 0.39. The business has a fifty day simple moving average of $123.25 and a 200-day simple moving average of $116.34. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $142.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Exxon Mobil’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XOM. Midwest Capital Advisors LLC acquired a new position in Exxon Mobil in the fourth quarter worth approximately $27,000. Key Capital Management INC bought a new stake in Exxon Mobil in the fourth quarter worth approximately $28,000. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth $30,000. Nvest Wealth Strategies Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at $32,000. Finally, DecisionPoint Financial LLC lifted its stake in shares of Exxon Mobil by 968.0% in the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

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.