TD Cowen Lowers Exxon Mobil (NYSE:XOM) Price Target to $128.00

Exxon Mobil (NYSE:XOM) had its price objective cut by TD Cowen from $132.00 to $128.00 in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective suggests a potential upside of 15.48% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. BMO Capital Markets raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Mizuho boosted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.63.

Exxon Mobil Stock Down 0.9 %

Shares of NYSE:XOM opened at $110.84 on Monday. The firm has a 50 day simple moving average of $118.85 and a 200 day simple moving average of $116.41. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $126.34. 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 has a market cap of $487.15 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil will post 7.95 earnings per share for the current year.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. Garden State Investment Advisory Services LLC lifted its stake in shares of Exxon Mobil by 3.2% in the third quarter. Garden State Investment Advisory Services LLC now owns 9,352 shares of the oil and gas company’s stock worth $1,097,000 after buying an additional 294 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth $461,000. American Trust boosted its holdings in Exxon Mobil by 18.7% during the third quarter. American Trust now owns 4,240 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 667 shares during the period. Old North State Trust LLC grew its position in shares of Exxon Mobil by 7.7% in the third quarter. Old North State Trust LLC now owns 9,480 shares of the oil and gas company’s stock valued at $1,111,000 after purchasing an additional 681 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. 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.