Exxon Mobil (NYSE:XOM) Stock Price Expected to Rise, Truist Financial Analyst Says

Exxon Mobil (NYSE:XOM) had its target price upped by Truist Financial from $117.00 to $119.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the oil and gas company’s stock. Truist Financial’s price target suggests a potential upside of 8.50% from the stock’s current price.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. UBS Group lowered their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $109.68 on Monday. The stock has a 50 day moving average price of $113.12 and a 200-day moving average price of $115.58. Exxon Mobil has a one year low of $95.77 and a one year high of $126.34. The stock has a market cap of $482.05 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 EPS. Equities analysts expect that Exxon Mobil will post 7.95 EPS for the current year.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds have recently bought and sold shares of XOM. Massachusetts Financial Services Co. MA increased its position in Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new position in Exxon Mobil in the second quarter valued at about $980,210,000. International Assets Investment Management LLC lifted its position in Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.