Exxon Mobil (NYSE:XOM) Price Target Cut to $131.00 by Analysts at UBS Group

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target decreased by investment analysts at UBS Group from $135.00 to $131.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the oil and gas company's stock. UBS Group's price target indicates a potential upside of 26.80% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Morgan Stanley cut their target price 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. Mizuho decreased their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.75.

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Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.17 during midday trading on Monday, hitting $103.31. The company's stock had a trading volume of 18,018,068 shares, compared to its average volume of 15,991,330. 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's 50 day simple moving average is $110.33 and its 200 day simple moving average is $113.19. The stock has a market capitalization of $446.85 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 3.02 and a beta of 0.61. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $2.48 earnings per share. As a group, research analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company'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 in the company, valued at approximately $1,989,570. This 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. 0.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after buying an additional 521,932 shares during the last quarter. McIlrath & Eck LLC increased its holdings in shares of Exxon Mobil by 7.4% during the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock valued at $657,000 after purchasing an additional 387 shares in the last quarter. Passumpsic Savings Bank raised its position in shares of Exxon Mobil by 50.5% in the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock worth $424,000 after acquiring an additional 1,214 shares during the period. Advisory Resource Group raised its holdings in Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock worth $5,123,000 after purchasing an additional 1,270 shares during the period. Finally, Diamant Asset Management Inc. increased its holdings in Exxon Mobil by 0.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock worth $1,518,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

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.

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