Exxon Mobil (NYSE:XOM) Price Target Lowered to $140.00 at Scotiabank

Exxon Mobil (NYSE:XOM) had its price target reduced by Scotiabank from $145.00 to $140.00 in a research report report published on Friday morning.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Stock Performance

Shares of XOM opened at $106.82 on Friday. The company has a market capitalization of $469.48 billion, a PE ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company’s 50 day moving average price is $110.66 and its 200 day moving average price is $115.29. Exxon Mobil has a 52 week low of $100.42 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 in the previous year, the firm earned $2.48 EPS. Research analysts expect that Exxon Mobil will post 7.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in shares of Exxon Mobil by 3.8% during the 4th quarter. Global Retirement Partners LLC now owns 84,439 shares of the oil and gas company’s stock worth $9,083,000 after purchasing an additional 3,115 shares in the last quarter. Bigelow Investment Advisors LLC increased its holdings in Exxon Mobil by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 13,727 shares of the oil and gas company’s stock valued at $1,477,000 after buying an additional 130 shares during the period. Timber Creek Capital Management LLC raised its stake in shares of Exxon Mobil by 0.8% in the 4th quarter. Timber Creek Capital Management LLC now owns 60,269 shares of the oil and gas company’s stock valued at $6,483,000 after buying an additional 484 shares in the last quarter. Plan Group Financial LLC grew its stake in shares of Exxon Mobil by 13.3% in the 4th quarter. Plan Group Financial LLC now owns 12,761 shares of the oil and gas company’s stock valued at $1,373,000 after purchasing an additional 1,501 shares during the period. Finally, Allied Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 1.7% in the 4th quarter. Allied Investment Advisors LLC now owns 108,444 shares of the oil and gas company’s stock worth $11,665,000 after buying an additional 1,812 shares in the last quarter. 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.