Exxon Mobil (NYSE:XOM) Price Target Lowered to $123.00 at HSBC

Exxon Mobil (NYSE:XOM) had its price target decreased by HSBC from $125.00 to $123.00 in a research note issued to investors on Friday morning. HSBC currently has a hold rating on the oil and gas company’s stock.

A number of other analysts also recently commented on XOM. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $129.30.

Exxon Mobil Stock Down 2.5 %

XOM stock opened at $106.82 on Friday. Exxon Mobil has a twelve month low of $100.42 and a twelve month 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 stock’s 50 day moving average is $110.66 and its 200-day moving average is $115.29. The firm has a market capitalization of $469.48 billion, a PE ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same period in the previous year, the company earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil will post 7.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Czech National Bank raised its stake in Exxon Mobil by 5.9% in the third quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after buying an additional 50,214 shares in the last quarter. VERITY Wealth Advisors lifted its stake in shares of Exxon Mobil by 64.7% in the 3rd quarter. VERITY Wealth Advisors now owns 13,081 shares of the oil and gas company’s stock valued at $1,533,000 after purchasing an additional 5,141 shares during the period. Johnson & White Wealth Management LLC boosted its position in shares of Exxon Mobil by 3.7% during the third quarter. Johnson & White Wealth Management LLC now owns 11,522 shares of the oil and gas company’s stock valued at $1,351,000 after purchasing an additional 412 shares in the last quarter. Delta Financial Group Inc. raised its holdings in Exxon Mobil by 0.7% in the third quarter. Delta Financial Group Inc. now owns 55,684 shares of the oil and gas company’s stock worth $6,527,000 after purchasing an additional 367 shares in the last quarter. Finally, Apella Capital LLC lifted its position in Exxon Mobil by 16.7% during the third quarter. Apella Capital LLC now owns 19,459 shares of the oil and gas company’s stock valued at $2,365,000 after buying an additional 2,787 shares during the period. 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.