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

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target lowered by equities research analysts at Mizuho from $137.00 to $134.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price objective would indicate a potential upside of 23.56% from the stock's previous close.

Several other equities research analysts also recently issued reports on the stock. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective for the company. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. Finally, Redburn Atlantic restated a "neutral" rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $129.68.

Exxon Mobil Trading Down 2.2 %

Shares of XOM traded down $2.39 during trading hours on Monday, reaching $108.45. The stock had a trading volume of 20,251,219 shares, compared to its average volume of 16,313,798. The company has a market cap of $476.65 billion, a P/E ratio of 13.51, a P/E/G ratio of 4.70 and a beta of 0.89. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $118.85 and a 200 day moving average of $116.41.

Exxon Mobil (NYSE:XOM - Get Free Report) 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 company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. Exxon Mobil's revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in shares of Exxon Mobil by 532.8% in the second 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 purchasing an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new position in Exxon Mobil in the 2nd quarter valued at about $980,210,000. International Assets Investment Management LLC lifted its position in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock worth $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

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.