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

Exxon Mobil (NYSE:XOM) had its price objective reduced by HSBC from $125.00 to $123.00 in a report released on Friday. They currently have a hold rating on the oil and gas company’s stock.

XOM has been the subject of a number of other research reports. BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Finally, TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock 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 one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $106.82 on Friday. The company has a market capitalization of $469.48 billion, a PE ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The business has a fifty day moving average price of $110.36 and a 200-day moving average price of $115.23. Exxon Mobil has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

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

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently added to or reduced their stakes in the company. Vertex Planning Partners LLC lifted its stake in shares of Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 83 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after acquiring an additional 87 shares during the period. Latitude Advisors LLC lifted its position in shares of Exxon Mobil by 0.7% in the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock valued at $1,568,000 after acquiring an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC grew its position in shares of Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares in the last quarter. Finally, West Oak Capital LLC raised its stake in Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 92 shares during the period. 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.