UBS Group Forecasts Strong Price Appreciation for Exxon Mobil (NYSE:XOM) Stock

Exxon Mobil (NYSE:XOM) had its target price increased by investment analysts at UBS Group from $130.00 to $143.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price objective would suggest a potential upside of 31.21% from the company’s previous close.

XOM has been the subject of a number of other reports. Piper Sandler raised their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday. They issued a “hold” rating and a $111.00 target price on the stock. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut Exxon Mobil from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Stock Up 0.4%

Shares of XOM stock opened at $108.9850 on Wednesday. The company’s fifty day simple moving average is $110.26 and its two-hundred day simple moving average is $108.88. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market cap of $464.63 billion, a P/E ratio of 15.48, a PEG ratio of 2.03 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business’s revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.14 earnings per share. Analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP increased its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after buying an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth about $55,000. Journey Strategic Wealth LLC grew its stake in Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after acquiring an additional 1,379 shares in the last quarter. Legacy Trust increased its position in shares of Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after acquiring an additional 997 shares during the period. Finally, Hartford Funds Management Co LLC raised its stake in shares of Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock valued at $912,000 after acquiring an additional 2,617 shares in the last quarter. 61.80% of the stock is 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.