Barclays raises its price target on Exxon Mobil (NYSE:XOM) to $129.00. - Best Stocks

The price target that Barclays analysts have set for Exxon Mobil (NYSE: XOM) has risen from $111.00 to $129.00, as stated in a report that The Fly published. The findings of the study were made public on Tuesday. Compared to the price at which the stock is currently trading, the target price determined by Barclays represents a potential increase of 16.95%.
In recent times, several additional brokerages have also produced reports on XOM. These reports can be found here. Trust Financial stated in a report released on October 31 that they have increased their price objective on Exxon Mobil shares to $114.00, an increase from the previous price objective of $111.00. In a research report that was made public on November 1, Credit Suisse Group announced that it had increased its price objective for Exxon Mobil from its previous level of $125.00 to the current level of $130.00. JPMorgan Chase & Co. increased their price objective on Exxon Mobil shares from $102.00 to $103.00 and rated the company as “overweight” in a research note published on Tuesday, October 18. Exxon Mobil share prices were discussed in a research note published on StockNews.com for the first time on Wednesday, October 12. They advised their clients to “hold” the stock moving forward. The price objective that Citigroup has placed on Exxon Mobil shares has increased from $98.00 to $110.00, as stated in a research report published on November 22. This item was the last and the most important on this list. While thirteen analysts have given the stock a buy rating, only eight have recommended that shareholders keep their current positions. According to information made available by Bloomberg, the stock is currently rated as having a “Moderate Buy” recommendation, and the stock’s consensus price target is $111.52.
NYSE: XOM started the trading day on Tuesday at $110.30 per share. The annual low for Exxon Mobil was recorded at $60.70, and the annual high was recorded at the same price. The company’s moving average over the past 200 days comes in at $98.50, while the moving average over the last 50 days comes at $109.51. A debt-to-equity ratio of 0.20, a current ratio of 1.34, a quick ratio of 1.02, and a current ratio of 1.34 are some of the present financial ratios. The stock has a price-to-earnings ratio of 9.00, a price-to-earnings-to-growth ratio of 0.32, and a beta value of 1.11. These ratios indicate that the stock is relatively expensive relative to its earnings. The company currently has a market capitalization of $454.25 billion.
Exxon Mobil’s (NYSE: XOM) most recent quarterly earnings report was released to the public on Friday, October 28. The oil and gas company reported quarterly earnings per share of $4.45, which was $0.57 higher than the consensus estimate of $3.88 that analysts had provided. Revenue for the company came in at $112.07 billion for the quarter, which is significantly higher than the $102.96 billion that analysts predicted it would earn. The company managed to beat those projections by a significant margin. The net margin that Exxon Mobil achieved was 12.86%, and the company’s return on equity was 29.52%. Revenue at Exxon Mobil reached an all-time high, having increased by 51.9% year over year compared to the previous year. The company had a profit per share of $1.58 during the same period the year before when the same period was compared. Sell-side analysts forecast that Exxon Mobil will post earnings of 13.82 cents per share for the current fiscal year.
According to a different report regarding Exxon Mobil, Vice President Darrin L. Talley sold 2,500 of the company’s shares on Friday, December 9. The weighted average price that buyers paid for each share during the sale was $105.00, bringing the total value of the transaction to $262,000. As a result of the sale, the company’s vice president now directly owns 34,272 shares of the company’s stock. The total value of these shares is $3,598,560. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link. Only 0.04% of the total company stock is held by current and former employees of the company.
During the previous few months, several hedge funds and other types of institutional investors modified the processes by which they invested in the company. GQG Partners LLC acquired an additional 59.9% ownership stake in Exxon Mobil during the first three months of 2018. GQG Partners LLC now owns a total of 51,800,709 shares of the oil and gas company’s stock, which has an estimated market value of $4,277,527,000 after purchasing an additional 19,403,556 shares during the most recent period. This brings the total number of shares owned by the company to 51,800,709. Price T. Rowe Associates Inc. (MD), a mutual fund management company, increased the proportion of Exxon Mobil stock owned by 94.1 percent during the third quarter. Price T. Rowe Associates Inc. (MD) now owns a total of 39,666,941 stock held by the oil and gas company. These shares are estimated to have a value of $3,463,672,000 and were acquired by the company following the purchase of an additional 19,230,872 shares during the most recent quarter. During the second quarter, FMR LLC achieved a 14.9% increase in the proportion of Exxon Mobil stock it owned. FMR LLC now owns a total of 135,144,175 shares of the stock of the oil and gas company, which have a value of $11,573,746,000, thanks to the acquisition of an additional 17,521,080 shares during the most recent period. DZ Bank AG, also known as Deutsche Zentral Genossenschaften Bank Frankfurt am Main, increased the amount of Exxon Mobil stock owned by 1,505.5% over the second quarter. DZ Bank AG, also known as Deutsche Zentral Genossenschaftsbank Frankfurt am Main, is now the owner of 9,730,140 shares in the oil and gas company. These shares have a value of $833,291,000 and were acquired by DZ Bank AG by purchasing an additional 9,124,095 of the company’s shares during this period. At the end of the first quarter, Vanguard Group Inc. increased the amount of Exxon Mobil stock that it held by 2.5 percent from the previous quarter’s total. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock. These shares have an estimated value of $30,098,496,000 and were acquired by the company by purchasing an additional 8,825,023 shares during the period in question. Shares of the company are currently held by 57.49% of institutional investors, such as hedge funds and other institutional investors.
The Exxon Mobil Corporation engages in the exploration and extraction of crude oil and natural gas in the United States and several other countries around the world. In that order, the upstream, downstream, and chemical segments make up its three distinct operational divisions. The company not only produces and sells petrochemicals such as olefins, polyolefins, aromatics, and other petrochemicals but also captures carbon, hydrogen, and biofuels and stores them in its facilities. Additionally, the business manufactures and distributes petrochemicals. In addition, it manufactures, deals in, transports, and sells a wide variety of specialized products, including crude oil, natural gas, petroleum products, petrochemicals, and various other products.

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2023-01-04 04:10:36Z
CBMiSWh0dHBzOi8vYmVzdHN0b2Nrcy5jb20vYmFyY2xheXMtcmFpc2VzLWl0cy1wcmljZS10YXJnZXQtb24tZXh4b24tbW9iaWwtbi_SAQA

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