Exxon Mobil (NYSE:XOM) Now Covered by Wolfe Research

Wolfe Research assumed coverage on shares of Exxon Mobil (NYSE:XOM) in a report released on Thursday, StockNewsAPI reports. The firm set an “outperform” rating and a $146.00 price target on the oil and gas company’s stock. Wolfe Research’s target price suggests a potential upside of 24.11% from the stock’s previous close.

XOM has been the topic of a number of other reports. TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Wells Fargo & Company lifted their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.94.

Exxon Mobil Trading Up 1.4 %

NYSE:XOM opened at $117.64 on Thursday. The firm has a market cap of $463.86 billion, a P/E ratio of 14.42, a PEG ratio of 4.38 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $114.16 and its 200-day simple moving average is $110.81. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the firm earned $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil will post 8.82 EPS for the current year.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently added to or reduced their stakes in the business. Fiduciary Financial Group LLC acquired a new position in Exxon Mobil in the second quarter valued at $586,000. Financial Strategies Group Inc. increased its stake in Exxon Mobil by 16.3% in the second quarter. Financial Strategies Group Inc. now owns 47,623 shares of the oil and gas company’s stock valued at $5,283,000 after purchasing an additional 6,664 shares during the last quarter. W.H. Cornerstone Investments Inc. increased its stake in Exxon Mobil by 5.6% in the second quarter. W.H. Cornerstone Investments Inc. now owns 6,359 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 336 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in Exxon Mobil by 179.4% in the second quarter. Clear Harbor Asset Management LLC now owns 69,833 shares of the oil and gas company’s stock valued at $8,039,000 after purchasing an additional 44,835 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its stake in Exxon Mobil by 27.1% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,571 shares of the oil and gas company’s stock valued at $526,000 after purchasing an additional 976 shares during the last quarter. 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.