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

Exxon Mobil (NYSE:XOM) had its price target boosted by equities research analysts at Mizuho from $128.00 to $130.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price points to a potential upside of 13.82% from the stock’s previous close.

XOM has been the subject of a number of other research reports. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, UBS Group raised their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Seven investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.24.

Exxon Mobil Stock Up 1.3 %

XOM opened at $114.22 on Monday. The firm has a 50-day simple moving average of $115.73 and a two-hundred day simple moving average of $115.25. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a market capitalization of $450.37 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The business’s revenue was up 12.2% on a year-over-year basis. 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 institutional investors have recently modified their holdings of XOM. Verity & Verity LLC raised its stake in Exxon Mobil by 0.4% in the second quarter. Verity & Verity LLC now owns 138,894 shares of the oil and gas company’s stock worth $15,989,000 after buying an additional 487 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Exxon Mobil by 6.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 18,557 shares of the oil and gas company’s stock worth $2,136,000 after buying an additional 1,134 shares in the last quarter. Cannon Financial Strategists Inc. bought a new position in Exxon Mobil in the second quarter worth approximately $618,000. Brightwater Advisory LLC bought a new position in Exxon Mobil in the second quarter worth approximately $648,000. Finally, Heritage Wealth Management Inc. bought a new position in Exxon Mobil in the second quarter worth approximately $2,595,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.