Exxon Mobil (NYSE:XOM) Price Target Cut to $124.00 by Analysts at Mizuho

Exxon Mobil (NYSE:XOM) had its target price trimmed by Mizuho from $129.00 to $124.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

XOM has been the topic of several other reports. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Scotiabank lowered their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Price Performance

NYSE XOM opened at $109.45 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s fifty day moving average price is $109.08 and its 200 day moving average price is $111.00. Exxon Mobil has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market cap of $471.69 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the firm earned $2.06 EPS. The firm’s revenue was up .1% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. Exxon Mobil’s payout ratio is 52.52%.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently bought and sold shares of XOM. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $55,000. Rockline Wealth Management LLC increased its holdings in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares during the last quarter. Renasant Bank increased its holdings in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 493 shares during the last quarter. Helen Stephens Group LLC increased its holdings in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares during the last quarter. Finally, Hartford Funds Management Co LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $543,000. 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.