Exxon Mobil (NYSE:XOM - Get Free Report) had its target price cut by Mizuho from $129.00 to $124.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price objective suggests a potential upside of 12.98% from the stock's current price.
A number of other analysts also recently weighed in on XOM. BMO Capital Markets reduced their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Barclays decreased their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Royal Bank of Canada reduced their price objective on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group decreased 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 note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $125.60.
Check Out Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Stock Performance
Shares of NYSE XOM traded up $0.59 during trading on Tuesday, reaching $109.75. The stock had a trading volume of 1,276,451 shares, compared to its average volume of 15,526,101. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil has a one year low of $97.80 and a one year high of $126.34. The firm's 50 day moving average price is $109.04 and its two-hundred day moving average price is $111.01. The stock has a market cap of $472.99 billion, a PE ratio of 14.01, a P/E/G ratio of 3.02 and a beta of 0.51.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.
Institutional Trading of Exxon Mobil
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RMR Wealth Builders increased its holdings in Exxon Mobil by 3.1% in the 4th quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company's stock valued at $3,447,000 after purchasing an additional 960 shares during the last quarter. Bridge Creek Capital Management LLC raised its holdings in Exxon Mobil by 0.8% during the fourth quarter. Bridge Creek Capital Management LLC now owns 35,246 shares of the oil and gas company's stock worth $3,791,000 after purchasing an additional 295 shares in the last quarter. Forza Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 0.9% in the 4th quarter. Forza Wealth Management LLC now owns 27,061 shares of the oil and gas company's stock valued at $2,911,000 after purchasing an additional 233 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Exxon Mobil by 1.3% in the 4th quarter. Harbour Capital Advisors LLC now owns 51,412 shares of the oil and gas company's stock valued at $5,545,000 after acquiring an additional 645 shares during the period. Finally, Fulcrum Capital LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $452,000. 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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