Exxon Mobil (NYSE:XOM) Price Target Cut to $128.00 by Analysts at TD Cowen

Exxon Mobil (NYSE:XOM) had its target price dropped by research analysts at TD Cowen from $132.00 to $128.00 in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective suggests a potential upside of 15.48% from the company’s current price.

Several other equities research analysts have also recently weighed in on XOM. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. BMO Capital Markets raised their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Finally, Truist Financial reduced their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.63.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.84 on Monday. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a market capitalization of $487.15 billion, a PE ratio of 13.80, a PEG ratio of 4.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock’s fifty day moving average is $118.85 and its 200 day moving average is $116.41.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil will post 7.95 earnings per share for the current year.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors have recently modified their holdings of the stock. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC grew its stake in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC lifted its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the second quarter worth $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.