Exxon Mobil (NYSE:XOM) Stock Rating Upgraded by Argus

Exxon Mobil (NYSE:XOM) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, UBS Group dropped their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM opened at $109.81 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil has a 1 year low of $100.42 and a 1 year high of $126.34. The stock has a market capitalization of $482.63 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.79 and a beta of 0.89. The stock has a fifty day moving average price of $109.94 and a two-hundred day moving average price of $115.08.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company posted $2.48 EPS. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.65 earnings per share for the current fiscal year.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XOM. Plato Investment Management Ltd increased its stake in Exxon Mobil by 4.3% during the 4th quarter. Plato Investment Management Ltd now owns 78,669 shares of the oil and gas company’s stock worth $8,493,000 after buying an additional 3,245 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $13,304,000. Jones Financial Companies Lllp lifted its stake in shares of Exxon Mobil by 45.9% in the fourth quarter. Jones Financial Companies Lllp now owns 251,389 shares of the oil and gas company’s stock worth $27,042,000 after acquiring an additional 79,057 shares in the last quarter. Modera Wealth Management LLC lifted its stake in shares of Exxon Mobil by 1.1% in the fourth quarter. Modera Wealth Management LLC now owns 74,216 shares of the oil and gas company’s stock worth $7,983,000 after acquiring an additional 813 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Exxon Mobil by 179.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 39,210 shares of the oil and gas company’s stock valued at $4,218,000 after purchasing an additional 25,155 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.