Morgan Stanley Issues Positive Forecast for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM) had its target price lifted by research analysts at Morgan Stanley from $139.00 to $140.00 in a research note issued to investors on Friday. Morgan Stanley’s price objective would indicate a potential upside of 29.02% from the company’s previous close.

A number of other analysts have also weighed in on XOM. Mizuho reduced their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Stock Down 1.0 %

Exxon Mobil stock opened at $108.51 on Friday. The firm has a market capitalization of $476.93 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.84 and a beta of 0.91. The company has a 50-day simple moving average of $110.66 and a 200-day simple moving average of $115.29. Exxon Mobil has a one year low of $100.42 and a one year 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 1.35.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same period in the prior year, the company posted $2.48 EPS. As a group, equities analysts expect that Exxon Mobil will post 7.74 earnings per share for the current year.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors have recently made changes to their positions in the business. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $48,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors.

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.