Exxon Mobil (NYSE:XOM) Given New $151.00 Price Target at Bank of America

Exxon Mobil (NYSE:XOM) had its price target boosted by research analysts at Bank of America from $135.00 to $151.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Bank of America‘s price objective would indicate a potential downside of 1.01% from the company’s current price.

A number of other research firms also recently issued reports on XOM. TD Cowen lifted their price objective on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group raised their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Barclays upped their price target on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $141.53.

Exxon Mobil Trading Up 2.7%

Shares of XOM opened at $152.55 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The company has a 50 day simple moving average of $135.64 and a two-hundred day simple moving average of $121.77. Exxon Mobil has a 1 year low of $97.80 and a 1 year high of $156.93. The firm has a market cap of $635.62 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 15.82 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (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 company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the firm posted $1.67 EPS. Exxon Mobil’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction on Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the sale, the vice president directly owned 20,354 shares in the company, valued at approximately $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 14,230 shares of company stock valued at $1,888,421 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Berbice Capital Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. raised its position in Exxon Mobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $28,000. Finally, Westfuller Advisors LLC purchased a new stake in Exxon Mobil in the third quarter worth about $30,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Company Profile

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.