Exxon Mobil (NYSE:XOM) Price Target Raised to $132.00 at TD Cowen

Exxon Mobil (NYSE:XOM) had its price objective upped by TD Cowen from $127.00 to $132.00 in a research report issued to clients and 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 indicates a potential upside of 9.68% from the company’s current price.

XOM has been the topic of several other reports. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Mizuho boosted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Finally, Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $120.35 on Tuesday. The stock has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm’s 50-day moving average is $118.96 and its two-hundred day moving average is $116.47.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that Exxon Mobil will post 7.95 earnings per share for the current year.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the stock. WFA Asset Management Corp increased its holdings in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil during the first quarter valued at $933,000. Empowered Funds LLC raised its holdings in shares of Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after purchasing an additional 49,083 shares during the period. Wellington Wealth Strategies LLC. raised its holdings in shares of Exxon Mobil by 31.7% during the first quarter. Wellington Wealth Strategies LLC. now owns 8,232 shares of the oil and gas company’s stock worth $957,000 after purchasing an additional 1,983 shares during the period. Finally, EP Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 2.4% in the 1st quarter. EP Wealth Advisors LLC now owns 745,426 shares of the oil and gas company’s stock worth $86,648,000 after buying an additional 17,447 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

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.