ExxonMobil (NYSE:XOM – Get Free Report)‘s stock had its “sector perform” rating reissued by Royal Bank Of Canada in a report issued on Tuesday,Benzinga reports. They currently have a $180.00 target price on the oil and gas company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 16.77% from the company’s current price.
A number of other brokerages have also recently issued reports on XOM. Mizuho increased their target price on shares of ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Barclays raised their target price on ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Jefferies Financial Group raised their target price on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ExxonMobil in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.70.
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ExxonMobil Stock Up 0.3%
ExxonMobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, research analysts forecast that ExxonMobil will post 11.18 earnings per share for the current fiscal year.
Insider Buying and Selling
In other ExxonMobil news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This represents a 13.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 6,460 shares of company stock valued at $989,104. Corporate insiders own 0.03% of the company’s stock.
Institutional Trading of ExxonMobil
A number of institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of ExxonMobil by 15.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 60,019 shares of the oil and gas company’s stock valued at $10,181,000 after acquiring an additional 8,043 shares during the period. MASTERINVEST Kapitalanlage GmbH lifted its position in shares of ExxonMobil by 9.6% during the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 32,059 shares of the oil and gas company’s stock worth $5,439,000 after buying an additional 2,808 shares during the last quarter. Northstar Financial Companies Inc. lifted its position in shares of ExxonMobil by 27.4% during the 1st quarter. Northstar Financial Companies Inc. now owns 19,261 shares of the oil and gas company’s stock worth $3,268,000 after buying an additional 4,140 shares during the last quarter. Signet Financial Management LLC lifted its position in shares of ExxonMobil by 6.7% during the 1st quarter. Signet Financial Management LLC now owns 3,944 shares of the oil and gas company’s stock worth $669,000 after buying an additional 246 shares during the last quarter. Finally, SouthState Bank Corp lifted its position in shares of ExxonMobil by 5.7% during the 1st quarter. SouthState Bank Corp now owns 78,667 shares of the oil and gas company’s stock worth $13,347,000 after buying an additional 4,261 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.
Key Headlines Impacting ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Q1 beat — Exxon reported adjusted EPS of ~$1.16 and revenue above expectations, with commentary emphasizing operational flexibility that helped absorb global disruptions; the print and guidance framing are supporting investor confidence in cash flow. Exxon (XOM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
- Positive Sentiment: Analyst value tweak — fair‑value estimates have been nudged slightly higher as analysts update oil/CF assumptions; that modest upgrade helps justify current multiples and underpins buying interest. How The Exxon Mobil (XOM) Narrative Is Shifting With New Oil And Valuation Assumptions
- Positive Sentiment: Capital‑returns focus — coverage notes the industry trend of prioritizing dividends, buybacks and debt paydown over aggressive output growth; for Exxon this supports shareholder yield and EPS accretion even without big capex increases. Big Oil Resists Push To Prioritize Output Growth
- Neutral Sentiment: Potential upside from Venezuela — Exxon is reported to be weighing re‑entry opportunities as regulatory conditions shift; this is a meaningful resource story if pursued but carries material political and execution risk. Exxon Mobil Weighs Venezuela Return As Valuation Signals Potential Upside
- Neutral Sentiment: Market tightness — reports of large U.S. crude shipments and Hormuz disruptions point to tighter global supply, which supports oil prices (positive for Exxon revenue) but also raises volatility and refining/transport constraints. US Ships 250 Million Barrels As Oil Shock Tests Export Limits
- Negative Sentiment: Earnings nuance and volatility — some coverage highlights that headline GAAP profits can swing sharply (one report notes large year‑over‑year profit declines for majors due to derivative timing and other effects), underscoring earnings volatility despite stronger adjusted results. That keeps a risk premium on the shares. Exxon, Chevron Profits Fall 46%, 37% Despite Oil Price Surge
About ExxonMobil
ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
Further Reading
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