Wells Fargo & Company Increases Exxon Mobil (NYSE:XOM) Price Target to $142.00

Exxon Mobil (NYSE:XOM) had its price target increased by stock analysts at Wells Fargo & Company from $138.00 to $142.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 22.38% from the company’s current price.

Several other equities analysts have also recently weighed in on XOM. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. 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. Truist Financial boosted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $116.03 on Tuesday. The company has a market capitalization of $459.28 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 4.14 and a beta of 0.96. The firm’s 50 day simple moving average is $114.18 and its 200 day simple moving average is $106.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results 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). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $2.83 EPS. As a group, sell-side analysts forecast that Exxon Mobil will post 9.62 earnings per share for the current year.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Large investors have recently made changes to their positions in the company. First Pacific Financial acquired a new stake in Exxon Mobil in the 1st quarter worth about $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $80,000. Finally, Neo Ivy Capital Management bought a new position in Exxon Mobil during the 4th quarter worth $80,000. Institutional investors 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.