Piper Sandler Boosts Exxon Mobil (NYSE:XOM) Price Target to $145.00

Exxon Mobil (NYSE:XOM) had its target price boosted by equities research analysts at Piper Sandler from $130.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the oil and gas company’s stock. Piper Sandler’s price target points to a potential upside of 21.84% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. UBS Group lifted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Trading Up 0.3 %

XOM stock traded up $0.38 during trading on Thursday, reaching $119.01. The company had a trading volume of 2,154,363 shares, compared to its average volume of 18,078,041. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a market cap of $471.07 billion, a P/E ratio of 13.37, a PEG ratio of 4.08 and a beta of 0.96. The business has a 50 day moving average of $110.89 and a 200 day moving average of $106.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the prior year, the firm earned $3.40 earnings per share. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil will post 9.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Several large investors have recently added to or reduced their stakes in the stock. Axiom Financial Strategies LLC lifted its stake in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc bought a new stake in Exxon Mobil during the first quarter valued at about $275,000. Loomis Sayles & Co. L P grew its stake in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC raised its stake in shares of Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $237,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.