The Goldman Sachs Group Cuts Exxon Mobil (NYSE:XOM) Price Target to $123.00

Exxon Mobil (NYSE:XOM) had its target price decreased by stock analysts at The Goldman Sachs Group from $125.00 to $123.00 in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 13.35% from the company’s current price.

A number of other research analysts have also recently commented on XOM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Stock Down 1.0 %

Shares of XOM opened at $108.51 on Friday. The stock has a 50 day moving average price of $110.66 and a 200 day moving average price of $115.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market capitalization of $476.93 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 2.84 and a beta of 0.91. Exxon Mobil has a one year low of $100.42 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter last year, the business earned $2.48 EPS. Equities research analysts forecast that Exxon Mobil will post 7.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Wealth Management Investment Advisory Inc. increased its position in shares of Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after purchasing an additional 4,578 shares in the last quarter. Helen Stephens Group LLC grew its stake in Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares during the last quarter. Brooklyn Investment Group increased its position in Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after buying an additional 6,753 shares during the period. Parthenon LLC lifted its stake in Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after buying an additional 4,445 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Exxon Mobil by 41.3% in the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock valued at $8,942,000 after acquiring an additional 22,296 shares during the period. 61.80% of the stock is owned by hedge funds and other 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.