Exxon Mobil (NYSE:XOM) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, Briefing.com reports. The brokerage presently has a $57.00 price objective on the oil and gas company’s stock, up from their previous price objective of $49.00. Morgan Stanley’s price target points to a potential upside of 25.38% from the stock’s current price.
XOM has been the subject of a number of other research reports. Credit Suisse Group decreased their price target on shares of Exxon Mobil from $47.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Truist Financial boosted their price target on shares of Exxon Mobil from $39.00 to $45.00 in a research note on Friday, December 18th. ValuEngine upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating in a research note on Tuesday, December 1st. Scotiabank upgraded shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price target for the company in a research note on Wednesday, September 23rd. Finally, Raymond James restated a “sell” rating on shares of Exxon Mobil in a research note on Friday, September 18th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.30.
NYSE:XOM opened at $45.46 on Monday. The company has a fifty day moving average of $41.42 and a 200-day moving average of $39.61. The firm has a market capitalization of $192.22 billion, a P/E ratio of 27.06 and a beta of 1.31. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Exxon Mobil has a twelve month low of $30.11 and a twelve month high of $69.96.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.07. The company had revenue of $46.20 billion during the quarter, compared to analyst estimates of $48.36 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. Exxon Mobil’s revenue for the quarter was down 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. On average, analysts anticipate that Exxon Mobil will post -0.52 EPS for the current fiscal year.
Several large investors have recently modified their holdings of XOM. Professional Financial Advisors LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $34,000. Holloway Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $38,000. BNC Wealth Management LLC purchased a new stake in Exxon Mobil during the third quarter valued at about $64,000. Avondale Wealth Management lifted its holdings in Exxon Mobil by 58.6% during the third quarter. Avondale Wealth Management now owns 2,174 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 803 shares during the last quarter. Finally, Aua Capital Management LLC lifted its holdings in Exxon Mobil by 49.7% during the third quarter. Aua Capital Management LLC now owns 2,409 shares of the oil and gas company’s stock valued at $83,000 after purchasing an additional 800 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.