UBS Group Issues Pessimistic Forecast for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM) had its price objective cut by equities research analysts at UBS Group from $146.00 to $135.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. UBS Group’s price target indicates a potential upside of 31.84% from the company’s current price.

XOM has been the topic of several other research reports. Barclays decreased their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $128.20.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $1.95 during midday trading on Monday, hitting $102.39. The company had a trading volume of 25,164,428 shares, compared to its average volume of 16,452,143. Exxon Mobil has a 1-year low of $98.46 and a 1-year high of $126.34. The business’s 50 day simple moving average is $111.16 and its two-hundred day simple moving average is $113.81. The stock has a market cap of $444.30 billion, a PE ratio of 13.06, a P/E/G ratio of 3.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business earned $2.48 earnings per share. As a group, equities analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in XOM. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter worth approximately $36,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. 61.80% of the stock is currently owned by institutional investors.

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.