Exxon Mobil (NYSE:XOM) Receives “Sector Perform” Rating from Royal Bank of Canada

Exxon Mobil (NYSE:XOMGet Free Report)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $135.00 target price on the oil and gas company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 20.62% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Truist Financial restated a “hold” rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Mizuho boosted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.41.

Check Out Our Latest Analysis on XOM

Exxon Mobil Trading Up 0.9 %

Shares of NYSE:XOM opened at $111.92 on Tuesday. The company’s 50-day moving average price is $114.28 and its two-hundred day moving average price is $110.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil has a one year low of $95.77 and a one year high of $123.75. The stock has a market capitalization of $441.30 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the firm earned $2.83 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil will post 9.18 EPS for the current fiscal year.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently modified their holdings of XOM. Norges Bank acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $5,519,753,000. Global Assets Advisory LLC increased its position in shares of Exxon Mobil by 16,399.4% during the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after buying an additional 12,540,435 shares during the period. Fisher Asset Management LLC increased its position in shares of Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after buying an additional 11,216,602 shares during the period. Capital International Investors increased its position in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after buying an additional 4,870,115 shares during the period. Institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

(Get Free Report)

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.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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