Exxon Mobil (NYSE:XOM) Given New $140.00 Price Target at Morgan Stanley

Exxon Mobil (NYSE:XOM) had its price objective upped by stock analysts at Morgan Stanley from $139.00 to $140.00 in a research note issued on Friday. Morgan Stanley’s price target points to a potential upside of 29.02% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, BMO Capital Markets upped their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Stock Down 1.0 %

Exxon Mobil stock opened at $108.51 on Friday. Exxon Mobil has a twelve month low of $100.42 and a twelve month high of $126.34. The firm has a market capitalization of $476.93 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.84 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $110.66 and its 200-day simple moving average is $115.29.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 net margin of 9.61% and a return on equity of 14.73%. During the same quarter last year, the company posted $2.48 earnings per share. As a group, equities analysts expect that Exxon Mobil will post 7.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XOM. Czech National Bank boosted its stake in Exxon Mobil by 5.9% in the 3rd quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after buying an additional 50,214 shares during the last quarter. VERITY Wealth Advisors lifted its holdings in Exxon Mobil by 64.7% in the 3rd quarter. VERITY Wealth Advisors now owns 13,081 shares of the oil and gas company’s stock worth $1,533,000 after buying an additional 5,141 shares in the last quarter. Johnson & White Wealth Management LLC boosted its position in Exxon Mobil by 3.7% in the 3rd quarter. Johnson & White Wealth Management LLC now owns 11,522 shares of the oil and gas company’s stock valued at $1,351,000 after buying an additional 412 shares during the last quarter. Delta Financial Group Inc. grew its stake in shares of Exxon Mobil by 0.7% during the third quarter. Delta Financial Group Inc. now owns 55,684 shares of the oil and gas company’s stock valued at $6,527,000 after acquiring an additional 367 shares in the last quarter. Finally, Apella Capital LLC increased its position in shares of Exxon Mobil by 16.7% during the third quarter. Apella Capital LLC now owns 19,459 shares of the oil and gas company’s stock worth $2,365,000 after acquiring an additional 2,787 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.