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

Exxon Mobil (NYSE:XOM) had its target price lowered by research analysts at HSBC from $125.00 to $123.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the oil and gas company’s stock. HSBC’s price target points to a potential upside of 15.15% from the company’s previous close.

Several other analysts also recently issued reports on the company. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Finally, UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.30.

Exxon Mobil Stock Down 2.5 %

NYSE XOM opened at $106.82 on Friday. Exxon Mobil has a 12 month low of $100.42 and a 12 month high of $126.34. The company 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. The company’s 50 day simple moving average is $110.36 and its 200 day simple moving average is $115.23. 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 announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same period last year, the company posted $2.48 EPS. Equities research analysts expect that Exxon Mobil will post 7.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently bought and sold shares of XOM. Global Retirement Partners LLC boosted its stake in shares of Exxon Mobil by 3.8% during the 4th quarter. Global Retirement Partners LLC now owns 84,439 shares of the oil and gas company’s stock worth $9,083,000 after acquiring an additional 3,115 shares in the last quarter. Bigelow Investment Advisors LLC lifted its holdings in Exxon Mobil by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 13,727 shares of the oil and gas company’s stock worth $1,477,000 after purchasing an additional 130 shares during the last quarter. Timber Creek Capital Management LLC boosted its position in Exxon Mobil by 0.8% during the fourth quarter. Timber Creek Capital Management LLC now owns 60,269 shares of the oil and gas company’s stock worth $6,483,000 after purchasing an additional 484 shares during the period. Plan Group Financial LLC grew its holdings in Exxon Mobil by 13.3% during the fourth quarter. Plan Group Financial LLC now owns 12,761 shares of the oil and gas company’s stock valued at $1,373,000 after purchasing an additional 1,501 shares during the last quarter. Finally, Allied Investment Advisors LLC raised its position in shares of Exxon Mobil by 1.7% in the fourth quarter. Allied Investment Advisors LLC now owns 108,444 shares of the oil and gas company’s stock valued at $11,665,000 after purchasing an additional 1,812 shares during the period. 61.80% of the stock is currently owned by 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.