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

Exxon Mobil (NYSE:XOM) had its price objective lowered by research analysts at Mizuho from $137.00 to $134.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price points to a potential upside of 24.06% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial reduced their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.68.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $108.01 on Monday. The stock has a market capitalization of $474.71 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 4.70 and a beta of 0.89. The firm’s 50-day moving average price is $118.23 and its two-hundred day moving average price is $116.30. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

Several hedge funds have recently bought and sold shares of XOM. Massachusetts Financial Services Co. MA lifted its position in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $980,210,000. International Assets Investment Management LLC lifted its holdings in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 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.