TD Cowen Issues Pessimistic Forecast for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM) had its price target dropped by equities research analysts at TD Cowen from $132.00 to $128.00 in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective points to a potential upside of 15.48% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

Exxon Mobil Stock Down 0.9 %

Shares of Exxon Mobil stock opened at $110.84 on Monday. The business has a 50-day moving average price of $118.85 and a 200 day moving average price of $116.41. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a market cap of $487.15 billion, a P/E ratio of 13.80, a P/E/G ratio of 4.70 and a beta of 0.89. 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 issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the business earned $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

A number of institutional investors have recently made changes to their positions in XOM. Vertex Planning Partners LLC raised its position in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares in the last quarter. Etfidea LLC raised its holdings in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after purchasing an additional 86 shares in the last quarter. Integral Investment Advisors Inc. lifted its stake in Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after purchasing an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after buying an additional 87 shares in 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.