HSBC Cuts Exxon Mobil (NYSE:XOM) Price Target to $123.00

Exxon Mobil (NYSE:XOM) had its price target decreased by HSBC from $125.00 to $123.00 in a report released on Friday. HSBC currently has a hold rating on the oil and gas company’s stock.

A number of other research firms have also weighed in on XOM. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, TD Cowen decreased their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” 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 given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $106.82 on Friday. The firm has a market capitalization of $469.48 billion, a P/E ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. Exxon Mobil has a one year low of $100.42 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a fifty day moving average price of $110.36 and a 200-day moving average price of $115.23.

Exxon Mobil (NYSE:XOM) last issued its 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 return on equity of 14.73% and a net margin of 9.61%. During the same period in the prior year, the company posted $2.48 earnings per share. As a group, equities research analysts forecast that Exxon Mobil will post 7.74 EPS for the current year.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $46,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $48,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil in the third quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors.

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.