Exxon Mobil (NYSE:XOM) Rating Reiterated by Truist Financial (2024)

Exxon Mobil (NYSE:XOM - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Truist Financial in a report released on Friday, Marketbeat reports. They presently have a $124.00 price target on the oil and gas company's stock, down from their previous price target of $146.00. Truist Financial's target price suggests a potential upside of 9.97% from the company's previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company lifted their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 30th. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Mizuho lifted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a "neutral" rating in a report on Monday, May 13th. Piper Sandler lifted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, April 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $133.71.

View Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Down 1.1 %

Shares of XOM stock traded down $1.21 during midday trading on Friday, reaching $112.76. 13,285,830 shares of the stock were exchanged, compared to its average volume of 18,273,746. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $123.75. The company's 50 day moving average is $117.66 and its two-hundred day moving average is $108.56. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market cap of $444.61 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 3.94 and a beta of 0.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the company posted $2.83 earnings per share. The business's revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil will post 9.57 EPS for the current year.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the firm's 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 in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of the stock. Root Financial Partners LLC raised its position in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company's stock valued at $205,000 after acquiring an additional 199 shares in the last quarter. RNC Capital Management LLC boosted its stake in shares of Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company's stock valued at $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Dupree Financial Group LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $378,000. Intact Investment Management Inc. lifted its position in Exxon Mobil by 225.7% during the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company's stock worth $6,839,000 after buying an additional 47,400 shares in the last quarter. Finally, AJOVista LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $312,000. Institutional investors and hedge funds own 61.80% of the company's stock.

About Exxon Mobil

(Get Free Report)

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.

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