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

Exxon Mobil (NYSE:XOM - Free Report) had its price objective decreased by Mizuho from $131.00 to $129.00 in a report issued on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company's stock.

A number of other research analysts have also issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $128.80.

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Exxon Mobil Trading Down 5.3 %

NYSE XOM traded down $6.31 during trading on Thursday, hitting $112.36. The stock had a trading volume of 21,185,561 shares, compared to its average volume of 15,714,155. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $487.53 billion, a PE ratio of 14.33, a PEG ratio of 3.02 and a beta of 0.60. The firm has a 50 day moving average price of $111.25 and a 200 day moving average price of $113.87. Exxon Mobil has a twelve month low of $103.67 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 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. As a group, equities research analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Trading of Exxon Mobil

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