Exxon Mobil (NYSE:XOM) Price Target Raised to $130.00 at Mizuho

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target hoisted by investment analysts at Mizuho from $128.00 to $130.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price objective indicates a potential upside of 15.41% from the company's current price.

Several other analysts also recently issued reports on XOM. Sanford C. Bernstein cut their price target on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. Barclays dropped their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an "overweight" rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company reduced their price objective on Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Evercore ISI raised Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Finally, Truist Financial reduced their price target on Exxon Mobil from $124.00 to $121.00 and set a "hold" rating for the company in a research report on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.24.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $1.49 during trading on Monday, reaching $112.64. The stock had a trading volume of 6,925,862 shares, compared to its average volume of 16,820,594. The firm's 50 day moving average price is $115.66 and its two-hundred day moving average price is $115.14. Exxon Mobil has a one year low of $95.77 and a one year high of $123.75. The stock has a market cap of $444.14 billion, a PE ratio of 13.76, a P/E/G ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to analysts' expectations of $90.09 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The firm's revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil will post 8.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company's stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after buying an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp raised its position in Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after buying an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP lifted its stake in Exxon Mobil by 16.9% in the 2nd 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 in the last quarter. Finally, Legal & General Group Plc boosted its position in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares during the period. Institutional investors and hedge funds 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.