Wells Fargo & Company Boosts Exxon Mobil (NYSE:XOM) Price Target to $142.00

Exxon Mobil (NYSE:XOM) had its target price boosted by equities research analysts at Wells Fargo & Company from $138.00 to $142.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 19.02% from the company’s previous close.

XOM has been the topic of several other research reports. Mizuho restated a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. TD Cowen upped their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial upped their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.33.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.33 during trading on Tuesday, reaching $119.31. The company had a trading volume of 4,677,134 shares, compared to its average volume of 18,035,006. The company has a market capitalization of $472.26 billion, a PE ratio of 14.64, a PEG ratio of 4.05 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm’s 50 day simple moving average is $113.65 and its two-hundred day simple moving average is $106.73. Exxon Mobil has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil will post 9.7 earnings per share for the current year.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC increased its position in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after purchasing an additional 575,649 shares during the last quarter. Qsemble Capital Management LP increased its holdings in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after purchasing an additional 1,200 shares during the last quarter. RNC Capital Management LLC lifted its stake in shares of Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after buying an additional 4,585 shares during the last quarter. Finally, Dupree Financial Group LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $378,000. Institutional investors and hedge funds 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.