Exxon Mobil (NYSE:XOM) Price Target Lowered to $124.00 at Mizuho

Exxon Mobil (NYSE:XOM) had its price objective decreased by equities researchers at Mizuho from $129.00 to $124.00 in a report issued on Tuesday,Benzinga reports. The firm presently 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 company’s previous close.

XOM has been the topic of a number of other reports. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.60.

Exxon Mobil Stock Up 0.5%

Shares of NYSE XOM traded up $0.59 during midday trading on Tuesday, reaching $109.75. 1,276,451 shares of the company’s stock were exchanged, 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. The stock has a market capitalization of $472.99 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil has a 52-week low of $97.80 and a 52-week high of $126.34. The business’s fifty day moving average price is $109.04 and its two-hundred day moving average price is $111.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. Analysts forecast that Exxon Mobil will post 7.43 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth about $6,936,737,000. Nuveen LLC purchased a new stake in Exxon Mobil in the first quarter worth $2,730,414,000. GQG Partners LLC boosted its stake in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC raised its stake in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock worth $1,124,787,000 after buying an additional 9,391,614 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.