Exxon Mobil (NYSE:XOM) PT Lowered to $117.00 at Truist Financial

Exxon Mobil (NYSE:XOM) had its price objective reduced by investment analysts at Truist Financial from $121.00 to $117.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the oil and gas company’s stock. Truist Financial’s target price would indicate a potential upside of 0.63% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Mizuho boosted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company upped their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.75.

Exxon Mobil Stock Up 0.4 %

Shares of XOM traded up $0.45 during mid-day trading on Monday, reaching $116.27. The company’s stock had a trading volume of 2,322,740 shares, compared to its average volume of 16,752,924. The business has a fifty day moving average of $115.76 and a 200 day moving average of $115.71. The company has a market cap of $458.45 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.94 earnings per share. As a group, analysts forecast that Exxon Mobil will post 8.06 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

Several institutional investors have recently made changes to their positions in the company. Etfidea LLC grew its stake in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC grew its position in Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after buying an additional 86 shares during the period. Integral Investment Advisors Inc. grew its position in Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after buying an additional 87 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC grew its position in Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 88 shares during the period. Institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

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.