Exxon Mobil (NYSE:XOM) Price Target Lowered to $129.00 at Mizuho

Exxon Mobil (NYSE:XOM) had its target price lowered by Mizuho from $131.00 to $129.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts also recently weighed in on XOM. HSBC lowered 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. Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.80.

Exxon Mobil Trading Down 7.3 %

Shares of Exxon Mobil stock opened at $104.17 on Thursday. The stock has a market cap of $452.01 billion, a P/E ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60. The company has a quick ratio of 0.97, a current ratio of 1.31 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 business’s 50 day moving average is $111.16 and its 200-day moving average is $113.81.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm posted $2.48 earnings per share. Equities research analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Large investors have recently bought and sold shares of the business. Quent Capital LLC raised its stake in Exxon Mobil by 12.1% during the first quarter. Quent Capital LLC now owns 14,527 shares of the oil and gas company’s stock worth $1,728,000 after acquiring an additional 1,563 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Exxon Mobil by 3.8% during the 1st quarter. Moody National Bank Trust Division now owns 86,115 shares of the oil and gas company’s stock valued at $10,242,000 after purchasing an additional 3,114 shares during the last quarter. jvl associates llc acquired a new position in Exxon Mobil during the 1st quarter worth approximately $211,000. Insight Wealth Strategies LLC lifted its stake in Exxon Mobil by 1.2% in the 1st quarter. Insight Wealth Strategies LLC now owns 15,901 shares of the oil and gas company’s stock valued at $1,891,000 after purchasing an additional 189 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA boosted its position in Exxon Mobil by 13.2% in the first quarter. Lederer & Associates Investment Counsel CA now owns 10,241 shares of the oil and gas company’s stock valued at $1,218,000 after buying an additional 1,194 shares in the last quarter. 61.80% of the stock is 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.