Barclays Lowers Exxon Mobil (NYSE:XOM) Price Target to $135.00

Exxon Mobil (NYSE:XOM) had its price objective lowered by analysts at Barclays from $137.00 to $135.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price would suggest a potential upside of 18.64% from the company’s current price.

Several other analysts have also recently issued reports on XOM. UBS Group reduced their price target 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. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.15.

Exxon Mobil Trading Up 1.7 %

NYSE XOM opened at $113.79 on Tuesday. The firm’s 50-day moving average is $109.47 and its two-hundred day moving average is $113.60. Exxon Mobil has a 12 month low of $103.67 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $493.74 billion, a P/E ratio of 14.51, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm posted $2.48 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds have recently added to or reduced their stakes in the stock. 10Elms LLP purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $36,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. 61.80% of the stock is currently owned by hedge funds and other 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.