Piper Sandler Lowers Exxon Mobil (NYSE:XOM) Price Target to $108.00 - MarketBeat

Exxon Mobil logo Exxon Mobil (NYSE:XOM - Get Rating) had its price objective reduced by Piper Sandler from $109.00 to $108.00 in a report issued on Monday, The Fly reports. Piper Sandler's price objective indicates a potential upside of 11.92% from the stock's current price.

A number of other brokerages have also weighed in on XOM. Citigroup raised their price objective on Exxon Mobil from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, May 19th. Bank of America lifted their price target on Exxon Mobil from $120.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, August 1st. Evercore ISI upgraded Exxon Mobil from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Exxon Mobil from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Tuesday, September 6th. Finally, Barclays raised their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an "overweight" rating in a research report on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $96.69.

Exxon Mobil Stock Up 1.7 %

XOM opened at $96.50 on Monday. The business's fifty day moving average is $91.45 and its two-hundred day moving average is $89.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The company has a market cap of $402.18 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.32 and a beta of 1.07. Exxon Mobil has a one year low of $52.96 and a one year high of $105.57.

Exxon Mobil (NYSE:XOM - Get Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm's revenue for the quarter was up 70.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Analysts anticipate that Exxon Mobil will post 12.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company's stock, valued at $100,635,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company's stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Company insiders own 0.04% of the company's stock.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in Exxon Mobil during the fourth quarter worth about $3,184,424,000. GQG Partners LLC boosted its stake in Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company's stock valued at $4,277,527,000 after purchasing an additional 19,403,556 shares during the last quarter. FMR LLC boosted its stake in shares of Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company's stock worth $11,573,746,000 after buying an additional 17,521,080 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Exxon Mobil by 1,505.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company's stock worth $833,291,000 after purchasing an additional 9,124,095 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company's stock valued at $30,098,496,000 after acquiring an additional 8,825,023 shares during the period. 56.84% of the stock is currently owned by institutional investors.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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