Morgan Stanley Boosts Exxon Mobil (NYSE:XOM) Price Target to $140.00

Exxon Mobil (NYSE:XOM) had its target price hoisted by Morgan Stanley from $139.00 to $140.00 in a research report sent to investors on Friday.

XOM has been the subject of several other reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Stock Down 2.5 %

Shares of XOM opened at $106.82 on Friday. Exxon Mobil has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The company’s fifty day moving average is $110.66 and its two-hundred day moving average is $115.29. The firm has a market cap of $469.48 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same period in the previous year, the company posted $2.48 EPS. Analysts forecast that Exxon Mobil will post 7.74 earnings per share for the current year.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the company. Czech National Bank lifted its position in shares of Exxon Mobil by 5.9% in the 3rd quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after buying an additional 50,214 shares during the last quarter. VERITY Wealth Advisors raised its stake in Exxon Mobil by 64.7% during the third quarter. VERITY Wealth Advisors now owns 13,081 shares of the oil and gas company’s stock worth $1,533,000 after acquiring an additional 5,141 shares during the period. Johnson & White Wealth Management LLC lifted its holdings in Exxon Mobil by 3.7% in the third quarter. Johnson & White Wealth Management LLC now owns 11,522 shares of the oil and gas company’s stock worth $1,351,000 after acquiring an additional 412 shares during the last quarter. Delta Financial Group Inc. boosted its stake in Exxon Mobil by 0.7% in the third quarter. Delta Financial Group Inc. now owns 55,684 shares of the oil and gas company’s stock valued at $6,527,000 after acquiring an additional 367 shares during the period. Finally, Apella Capital LLC grew its holdings in shares of Exxon Mobil by 16.7% during the third quarter. Apella Capital LLC now owns 19,459 shares of the oil and gas company’s stock valued at $2,365,000 after purchasing an additional 2,787 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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.