Mizuho Has Lowered Expectations for Exxon Mobil (NYSE:XOM) Stock Price

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

Several other equities analysts also recently commented on XOM. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada decreased their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating for the company in a research report on Monday, May 5th. Finally, UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Up 0.3%

Exxon Mobil stock opened at $109.45 on Tuesday. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50 day moving average price of $109.08 and a 200 day moving average price of $111.00. The company has a market capitalization of $471.69 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Research analysts expect 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 paid 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 dividend payout ratio is presently 52.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. RW Investment Management LLC increased its stake in Exxon Mobil by 5.2% in the first quarter. RW Investment Management LLC now owns 8,065 shares of the oil and gas company’s stock valued at $959,000 after purchasing an additional 398 shares during the period. Watts Gwilliam & Co. LLC increased its stake in Exxon Mobil by 10.7% in the first quarter. Watts Gwilliam & Co. LLC now owns 14,838 shares of the oil and gas company’s stock valued at $1,765,000 after purchasing an additional 1,431 shares during the period. Aviso Financial Inc. increased its stake in Exxon Mobil by 9.0% in the first quarter. Aviso Financial Inc. now owns 9,701 shares of the oil and gas company’s stock valued at $1,154,000 after purchasing an additional 802 shares during the period. Brooklyn Investment Group increased its stake in Exxon Mobil by 39.0% in the first quarter. Brooklyn Investment Group now owns 32,705 shares of the oil and gas company’s stock valued at $3,890,000 after purchasing an additional 9,175 shares during the period. Finally, Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter valued at $31,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.