HSBC Raises Exxon Mobil (NYSE:XOM) Price Target to $120.00

Exxon Mobil (NYSE:XOM) had its target price lifted by HSBC from $111.00 to $120.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the oil and gas company’s stock. HSBC’s target price indicates a potential upside of 0.70% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Mizuho reissued a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $133.56.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE XOM traded down $0.48 during mid-day trading on Tuesday, reaching $119.16. The company had a trading volume of 6,529,415 shares, compared to its average volume of 18,053,199. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $113.65 and a two-hundred day simple moving average of $106.73. The stock has a market cap of $471.67 billion, a P/E ratio of 14.58, a PEG ratio of 4.05 and a beta of 0.96. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (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 analysts’ expectations of $79.69 billion. During the same period in the previous year, the business posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil will post 9.7 earnings per share for the current year.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Carmel Capital Partners LLC boosted its holdings in shares of Exxon Mobil by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after buying an additional 86 shares during the period. PFS Partners LLC boosted its holdings in shares of Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after buying an additional 89 shares during the period. Bay Rivers Group boosted its holdings in shares of Exxon Mobil by 2.5% in the first quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock worth $436,000 after buying an additional 90 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Exxon Mobil by 0.8% during the first quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock worth $1,302,000 after purchasing an additional 93 shares during the period. Finally, Money Concepts Capital Corp boosted its holdings in shares of Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.