Weiss Ratings Reaffirms “Hold (C)” Rating for Exxon Mobil (NYSE:XOM)

Exxon Mobil (NYSE:XOM)‘s stock had its “hold (c)” rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

XOM has been the subject of a number of other reports. Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research note on Tuesday. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Finally, UBS Group increased their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.95.

Exxon Mobil Stock Down 1.0%

XOM opened at $112.90 on Wednesday. The company has a market cap of $481.32 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.06 and a beta of 0.51. The business’s 50-day moving average price is $111.30 and its 200-day moving average price is $109.52. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $124.26.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 EPS. On average, equities analysts expect that Exxon Mobil will post 7.43 EPS for the current year.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Independence Bank of Kentucky lifted its stake in shares of Exxon Mobil by 22.0% during the third quarter. Independence Bank of Kentucky now owns 43,785 shares of the oil and gas company’s stock worth $4,937,000 after buying an additional 7,890 shares during the period. Secure Asset Management LLC raised its holdings in shares of Exxon Mobil by 18.7% during the third quarter. Secure Asset Management LLC now owns 27,763 shares of the oil and gas company’s stock worth $3,109,000 after purchasing an additional 4,375 shares during the last quarter. Baker Tilly Wealth Management LLC raised its holdings in shares of Exxon Mobil by 10.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 18,186 shares of the oil and gas company’s stock worth $2,051,000 after purchasing an additional 1,749 shares during the last quarter. Financial Enhancement Group LLC purchased a new position in shares of Exxon Mobil during the third quarter worth $203,000. Finally, Meadowbrook Wealth Management LLC purchased a new position in shares of Exxon Mobil during the third quarter worth $204,000. 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.