Mizuho Lowers Exxon Mobil (NYSE:XOM) Price Target to $129.00

Exxon Mobil (NYSE:XOM) had its target price lowered by analysts at Mizuho from $131.00 to $129.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price would indicate a potential upside of 23.84% from the company’s previous close.

Other analysts have also issued research reports about the company. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Barclays decreased their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, UBS Group reduced their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $128.80.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $104.17 on Thursday. The firm has a fifty day simple moving average of $111.16 and a two-hundred day simple moving average of $113.81. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil has a twelve month low of $103.67 and a twelve month high of $126.34. The company has a market capitalization of $452.01 billion, a PE ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the prior year, the business posted $2.48 earnings per share. Research analysts expect that Exxon Mobil will post 7.43 EPS for the current year.

Insider Activity at Exxon Mobil

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

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in the stock. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. 61.80% of the stock is 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.