Barclays Cuts Exxon Mobil (NYSE:XOM) Price Target to $130.00

Exxon Mobil (NYSE:XOM - Get Free Report) had its target price lowered by equities researchers at Barclays from $135.00 to $130.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the oil and gas company's stock. Barclays's price target indicates a potential upside of 19.79% from the stock's previous close.

Several other equities research analysts have also recently commented on XOM. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. UBS Group reduced their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Mizuho lowered their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.50.

Exxon Mobil Stock Down 0.1 %

NYSE XOM traded down $0.11 during trading hours on Wednesday, reaching $108.52. 4,966,855 shares of the company's stock were exchanged, compared to its average volume of 15,906,151. The company has a market capitalization of $469.39 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil has a one year low of $97.80 and a one year high of $126.34. 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 company's 50-day moving average is $109.78 and its two-hundred day moving average is $112.36.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 last year, the business earned $2.48 earnings per share. On average, analysts forecast that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

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