ExxonMobil (NYSE:XOM) Cut to Hold at DZ Bank

DZ Bank lowered shares of ExxonMobil (NYSE:XOM) from a buy rating to a hold rating in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage currently has $156.00 price target on the oil and gas company’s stock.

Other equities analysts have also recently issued reports about the company. TD Cowen decreased their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Mizuho cut their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company restated an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a research report on Monday. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Barclays lifted their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $162.95.

ExxonMobil Trading Up 2.0%

Shares of XOM stock opened at $154.61 on Tuesday. ExxonMobil has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $145.97 and a 200 day simple moving average of $149.48. The stock has a market capitalization of $640.84 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.60 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, sell-side analysts expect that ExxonMobil will post 11.72 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in ExxonMobil by 2.0% during the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after purchasing an additional 1,457,560 shares during the last quarter. Norges Bank acquired a new position in ExxonMobil in the 4th quarter worth about $7,625,063,000. Bank of New York Mellon Corp raised its stake in shares of ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after purchasing an additional 531,362 shares in the last quarter. Northern Trust Corp raised its stake in shares of ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ExxonMobil by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock valued at $4,102,708,000 after buying an additional 293,446 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil awarded McDermott a letter of intent covering limited engineering and procurement work for the Rovuma LNG Phase 1 midstream project in Mozambique. The development supports ExxonMobil’s long-term LNG growth strategy, although the award is not yet a final construction contract. ExxonMobil in Mozambique Awards McDermott Letter of Intent for Rovuma LNG Project
• Positive Sentiment: ExxonMobil is reportedly linking a potential $80 billion investment to expand Kazakhstan’s Kashagan oil field to a resolution of the government’s long-running dispute with international oil companies. A successful agreement could create a significant future production opportunity for XOM, though the investment remains conditional. Exxon Links New $80 Billion Kazakh Oil Venture to Ending Dispute
• Positive Sentiment: Industry coverage points to elevated oil prices and record refining margins, helped by Middle East supply disruptions and tighter global fuel markets. These conditions support ExxonMobil’s upstream and downstream earnings outlook. Middle East War Triggers New Global Refining Boom
• Positive Sentiment: Analyst commentary highlights strong production, higher oil prices, a solid balance sheet and potential undervaluation following second-quarter results. ExxonMobil also selected Sercel’s Marlin software for its Whiptail development in Guyana, supporting project execution. The Zacks Analyst Blog Highlights ExxonMobil, Chevron and BP
• Neutral Sentiment: ExxonMobil received a rating upgrade from “strong sell” to “hold,” while another analyst lowered its rating. The mixed analyst signals suggest valuation and near-term earnings concerns remain despite the company’s longer-term strengths. ExxonMobil Stock Rating Lowered by DZ Bank
• Negative Sentiment: ExxonMobil narrowly missed quarterly EPS expectations, and President Trump has pressured Exxon and other oil companies to lower gasoline prices after strong profits. Political scrutiny could weigh on margins or shareholder returns if it leads to policy intervention. President Trump Pressures Exxon and Chevron to Lower Gas Prices

ExxonMobil Company Profile

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.