Exxon Mobil (NYSE:XOM) Stock Price Up 1.2% Following Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM)’s stock price was up 1.2% during mid-day trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $127.00 to $128.00. The stock traded as high as $118.64 and last traded at $118.04. Approximately 2,433,220 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 16,327,406 shares. The stock had previously closed at $116.69.

XOM has been the topic of a number of other research reports. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Barclays reduced their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.37.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Etfidea LLC lifted its holdings in 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 buying an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. lifted its stake in shares of Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its stake in Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 88 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.5 %

The firm has a fifty day simple moving average of $117.67 and a 200-day simple moving average of $116.36. The company has a market capitalization of $453.35 billion, a PE ratio of 13.75, a P/E/G ratio of 4.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

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.