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

Exxon Mobil (NYSE:XOM) had its target price decreased by investment analysts at Barclays from $130.00 to $127.00 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price would indicate a potential upside of 20.99% from the stock’s previous close.

XOM has been the topic of a number of other research reports. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Mizuho decreased their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $104.97 on Monday. The business’s fifty day simple moving average is $109.14 and its 200-day simple moving average is $111.44. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $454.01 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the 1st quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $32,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $36,000. 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.