UBS Group Lowers Exxon Mobil (NYSE:XOM) Price Target to $135.00

Exxon Mobil (NYSE:XOM) had its target price lowered by analysts at UBS Group from $146.00 to $135.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s target price would suggest a potential upside of 31.84% from the company’s current price.

XOM has been the topic of several other research reports. Scotiabank cut their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. HSBC cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Barclays cut their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $128.20.

Exxon Mobil Stock Down 1.9 %

XOM traded down $1.95 during trading on Monday, reaching $102.39. The company had a trading volume of 25,164,428 shares, compared to its average volume of 16,452,143. The business’s fifty day moving average price is $111.16 and its 200 day moving average price is $113.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil has a 12 month low of $98.46 and a 12 month high of $126.34. The company has a market cap of $444.30 billion, a P/E ratio of 13.06, a PEG ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM) last released 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 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm posted $2.48 EPS. Equities analysts anticipate that Exxon Mobil will post 7.43 EPS for the current year.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently added to or reduced their stakes in the stock. Rockline Wealth Management LLC raised its stake in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after purchasing an additional 1,498 shares in the last quarter. Renasant Bank raised its position in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after buying an additional 493 shares in the last quarter. Helen Stephens Group LLC raised its position in shares of Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares in the last quarter. Hartford Funds Management Co LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $543,000. Finally, Coldstream Capital Management Inc. increased its stake in Exxon Mobil by 13.7% in the third quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company’s stock valued at $15,936,000 after acquiring an additional 16,392 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.