Exxon Mobil (NYSE:XOM) Given New $144.00 Price Target at Bernstein Bank

Exxon Mobil (NYSE:XOM) had its price objective upped by Bernstein Bank from $138.00 to $144.00 in a report released on Friday. Bernstein Bank currently has an overweight rating on the oil and gas company’s stock.

Other equities research analysts have also issued research reports about the company. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. UBS Group reduced their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Stock Down 2.5 %

XOM stock opened at $106.82 on Friday. The firm has a 50-day moving average price of $110.66 and a 200-day moving average price of $115.29. Exxon Mobil has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $469.48 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same quarter in the prior year, the company posted $2.48 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil will post 7.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after purchasing an additional 146,374 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Exxon Mobil by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after purchasing an additional 949,875 shares during the period. 61.80% of the stock is owned by 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.