Exxon Mobil (NYSE:XOM) Price Target Raised to $128.00 at Mizuho

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target upped by equities research analysts at Mizuho from $125.00 to $128.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Mizuho's target price would suggest a potential upside of 8.58% from the stock's current price.

A number of other research firms have also recently weighed in on XOM. Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. TD Cowen increased their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. UBS Group boosted their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a "buy" rating in a research report on Tuesday, May 7th. Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an "overweight" rating and a $147.00 price objective on the stock. Finally, Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.35.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.07 during trading on Monday, hitting $117.89. 15,052,640 shares of the company traded hands, compared to its average volume of 18,716,313. The stock has a market capitalization of $464.84 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 4.11 and a beta of 0.96. Exxon Mobil has a one year low of $95.77 and a one year high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business's fifty day moving average is $115.90 and its 200-day moving average is $107.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the business earned $2.83 earnings per share. Exxon Mobil's quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil will post 9.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company's stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company's stock, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company's stock.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $2,561,000. Hilltop Partners LLC grew its stake in shares of Exxon Mobil by 5.1% in the first quarter. Hilltop Partners LLC now owns 23,045 shares of the oil and gas company's stock worth $2,679,000 after acquiring an additional 1,123 shares during the last quarter. Delta Asset Management LLC TN increased its position in Exxon Mobil by 28.1% during the first quarter. Delta Asset Management LLC TN now owns 72,105 shares of the oil and gas company's stock worth $8,382,000 after acquiring an additional 15,811 shares during the period. Index Fund Advisors Inc. raised its stake in Exxon Mobil by 23.1% during the 1st quarter. Index Fund Advisors Inc. now owns 3,708 shares of the oil and gas company's stock valued at $431,000 after purchasing an additional 697 shares during the last quarter. Finally, Paragon Capital Management LLC boosted its holdings in Exxon Mobil by 18.6% in the 1st quarter. Paragon Capital Management LLC now owns 7,800 shares of the oil and gas company's stock valued at $907,000 after purchasing an additional 1,221 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

About Exxon Mobil

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.