Exxon Mobil (NYSE:XOM) Raised to Sector Outperform at Scotiabank

Exxon Mobil (NYSE:XOM) was upgraded by Scotiabank from a “sector perform” rating to a “sector outperform” rating in a note issued to investors on Thursday, Briefing.com reports. The firm presently has a $145.00 target price on the oil and gas company’s stock, up from their previous target price of $129.00. Scotiabank’s target price suggests a potential upside of 18.76% from the company’s previous close.

Several other equities research analysts also recently commented on XOM. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday. Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.61.

Exxon Mobil Trading Up 0.0 %

Shares of NYSE XOM opened at $122.10 on Thursday. The firm’s 50 day moving average price is $116.64 and its 200-day moving average price is $116.21. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a market cap of $481.44 billion, a PE ratio of 14.96, a P/E/G ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. On average, equities research analysts expect that Exxon Mobil will post 8.06 EPS for the current fiscal year.

Institutional Trading of Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC raised its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC boosted its stake in Exxon Mobil by 918.9% in the 2nd 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. 61.80% of the stock is owned by hedge funds and other 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.