The Goldman Sachs Group Lowers Exxon Mobil (NYSE:XOM) Price Target to $123.00

Exxon Mobil (NYSE:XOM) had its price target decreased by The Goldman Sachs Group from $125.00 to $123.00 in a report issued on Friday. The Goldman Sachs Group currently has a neutral rating on the oil and gas company’s stock.

XOM has been the subject of several other reports. BMO Capital Markets lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, UBS Group dropped their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Stock Down 2.5 %

NYSE:XOM opened at $106.82 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company’s fifty day moving average price is $110.66 and its 200-day moving average price is $115.29. Exxon Mobil has a 1-year low of $100.42 and a 1-year high of $126.34. The firm has a market capitalization of $469.48 billion, a P/E ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period last year, the company earned $2.48 EPS. As a group, equities research analysts anticipate that Exxon Mobil will post 7.74 EPS for the current year.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after acquiring an additional 395,218 shares during the last quarter. Geode Capital Management LLC raised its stake in Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the period. Franklin Resources Inc. boosted its holdings in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock valued at $3,652,589,000 after buying an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Exxon Mobil by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after buying an additional 949,875 shares during the last quarter. Institutional investors and hedge funds 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.