Morgan Stanley Cuts Exxon Mobil (NYSE:XOM) Price Target to $138.00

Exxon Mobil (NYSE:XOM) had its price target reduced by equities researchers at Morgan Stanley from $141.00 to $138.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Morgan Stanley’s price target points to a potential upside of 17.13% from the company’s previous close.

XOM has been the topic of a number of other reports. BMO Capital Markets reduced their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.05.

Exxon Mobil Stock Down 0.4 %

Exxon Mobil stock traded down $0.45 during midday trading on Thursday, hitting $117.82. The stock had a trading volume of 6,728,458 shares, compared to its average volume of 16,035,126. The business has a fifty day moving average price of $110.49 and a 200 day moving average price of $113.64. Exxon Mobil has a 12 month low of $103.67 and a 12 month high of $126.34. The stock has a market cap of $511.24 billion, a P/E ratio of 15.03, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company earned $2.48 earnings per share. Research analysts predict that Exxon Mobil will post 7.43 EPS for the current year.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently modified their holdings of XOM. Fire Capital Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at $1,966,000. Mascagni Wealth Management Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $948,000. Prostatis Group LLC lifted its position in shares of Exxon Mobil by 12.0% in the fourth quarter. Prostatis Group LLC now owns 14,767 shares of the oil and gas company’s stock worth $1,588,000 after purchasing an additional 1,577 shares in the last quarter. M1 Capital Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $630,000. Finally, Northeast Planning Associates INC. NH purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $302,000. Hedge funds and other 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.