ExxonMobil (NYSE:XOM) Price Target Raised to $189.00

ExxonMobil (NYSE:XOM) had its target price raised by Wells Fargo & Company from $182.00 to $189.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the oil and gas company’s stock.

Several other research analysts have also issued reports on XOM. Citigroup restated a “neutral” rating and set a $175.00 price target (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. The Goldman Sachs Group restated a “neutral” rating and issued a $178.00 price target on shares of ExxonMobil in a research report on Tuesday, October 20th. Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Piper Sandler increased their price objective on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ExxonMobil presently has an average rating of “Hold” and a consensus price target of $170.74.

ExxonMobil Trading Down 4.5%

Shares of XOM stock opened at $169.52 on Monday. The stock has a market cap of $691.50 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.87 and a beta of 0.16. The stock has a 50-day moving average of $168.50 and a 200-day moving average of $155.06. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. ExxonMobil has a 1-year low of $113.64 and a 1-year high of $188.50.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The company had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. On average, equities research analysts forecast that ExxonMobil will post 13.54 earnings per share for the current year.

ExxonMobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a dividend of $1.07 per share. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s payout ratio is 42.34%.

Institutional Investors Weigh In On ExxonMobil

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after purchasing an additional 1,540,902 shares during the last quarter. Amundi increased its holdings in ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares during the period. GQG Partners LLC increased its holdings in ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after purchasing an additional 10,214,420 shares during the period. Swiss National Bank raised its position in ExxonMobil by 5.9% during the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock valued at $2,099,783,000 after purchasing an additional 693,800 shares during the last quarter. Finally, National Pension Service lifted its holdings in ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after buying an additional 166,268 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts raised price targets: TD Cowen lifted its target to $193 and maintained a buy rating; Citigroup raised its target to $175 but kept a neutral rating. TD Cowen price target article
• Positive Sentiment: Refining investment could support future cash flow: Exxon plans to invest $10 billion in refining through 2030, including an expansion targeting 100,000 barrels per day of additional diesel output and improved efficiency. Diesel expansion article
• Positive Sentiment: Recent operating performance has been strong: Reports highlighted refining strength, cost discipline, a higher dividend and substantial buybacks, which may help support shareholder returns. ExxonMobil and Chevron results article
• Neutral Sentiment: Analyst views remain mixed: While some firms raised targets, DZ Bank downgraded Exxon to sell with a $170 target, reflecting limited perceived upside at the cited share price. DZ Bank rating information
• Negative Sentiment: Oil-price concerns are a key headwind: A CNBC trader argued that inflation pressures have eased and oil may not return to $100; reports of unsold crude cargoes also suggest physical-market demand is softening. Lower oil prices can reduce Exxon’s upstream earnings. Oil-price outlook article Physical oil market article
• Negative Sentiment: Cash-flow coverage may be a concern: One report said cash generation exceeded shareholder payments, leaving scope for balance-sheet repair and highlighting Exxon’s exposure to commodity swings. Cash generation and shareholder payments article

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.