Exxon Mobil (NYSE:XOM) Given New $140.00 Price Target at Scotiabank

Exxon Mobil (NYSE:XOM) had its target price decreased by Scotiabank from $145.00 to $140.00 in a report issued on Friday morning.

Other equities research analysts have also recently issued reports about the company. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Morgan Stanley raised their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Price Performance

Shares of XOM stock opened at $106.82 on Friday. The stock’s fifty day moving average is $110.66 and its 200-day moving average is $115.29. 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 has a 52 week low of $100.42 and a 52 week high of $126.34. The stock has a market capitalization of $469.48 billion, a PE ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter last year, the business earned $2.48 EPS. Equities research analysts expect that Exxon Mobil will post 7.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vertex Planning Partners LLC lifted its holdings in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 83 shares in the last quarter. First Heartland Consultants Inc. raised its position in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after buying an additional 87 shares during the last quarter. Latitude Advisors LLC boosted its position in Exxon Mobil by 0.7% during the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after acquiring an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC grew its stake in shares of Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after acquiring an additional 88 shares in the last quarter. Finally, West Oak Capital LLC raised its holdings in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 92 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.