Mizuho Has Lowered Expectations for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM) had its price objective cut by analysts at Mizuho from $131.00 to $129.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price suggests a potential upside of 12.89% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Barclays reduced their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company cut their price target 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. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.80.

Exxon Mobil Trading Down 3.7 %

Shares of XOM stock traded down $4.40 during trading hours on Thursday, reaching $114.27. 4,904,885 shares of the stock were exchanged, compared to its average volume of 15,655,381. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil has a 12-month low of $103.67 and a 12-month high of $126.34. The firm has a market capitalization of $495.85 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The company’s 50-day moving average price is $111.20 and its 200-day moving average price is $113.89.

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 analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the stock. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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.