ExxonMobil (NYSE:XOM) Shares Cross Above Fifty Day Moving Average on Analyst Downgrade

ExxonMobil Corporation (NYSE:XOM) crossed above its 50-day moving average during trading on Thursday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock has a 50-day moving average of $169.21 and traded as high as $170.92. ExxonMobil shares last traded at $169.7750, with a volume of 12,218,319 shares.

XOM has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, November 4th. UBS Group boosted their target price on ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Piper Sandler upped their price target on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley increased their price target on shares of ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $170.54.

ExxonMobil News Roundup

These are some of the XOM news items that stood out recently:

• Positive Sentiment: ExxonMobil made a $12.5 billion final investment decision on its Longtail offshore Guyana development. The project is expected to add future production capacity and reinforce the company’s growth in a key low-cost producing region, though it requires substantial capital. Article: ExxonMobil takes $12.5-billion FID on Longtail development offshore Guyana
• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

Institutional Trading of ExxonMobil

Large investors have recently made changes to their positions in the company. CPA Asset Management Group LLC grew its position in shares of ExxonMobil by 1.8% during the third quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock worth $561,000 after acquiring an additional 60 shares during the last quarter. Prasad Wealth Partners LLC increased its holdings in shares of ExxonMobil by 1.4% in the 3rd quarter. Prasad Wealth Partners LLC now owns 4,484 shares of the oil and gas company’s stock valued at $730,000 after acquiring an additional 61 shares during the period. DecisionMap Wealth Management LLC raised its position in ExxonMobil by 2.2% in the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock valued at $474,000 after purchasing an additional 62 shares during the last quarter. DSG Capital Advisors LLC raised its position in ExxonMobil by 0.4% in the 3rd quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock valued at $2,611,000 after purchasing an additional 62 shares during the last quarter. Finally, WP Advisors LLC raised its position in ExxonMobil by 3.0% in the 3rd quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock valued at $353,000 after purchasing an additional 63 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

The stock has a market cap of $692.55 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.83 and a beta of 0.16. The stock’s 50 day moving average is $169.21 and its two-hundred day moving average is $156.06. 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 (NYSE:XOM) last issued its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The company had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. During the same period last year, the firm posted $1.88 EPS. Analysts anticipate that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio is 42.34%.

About ExxonMobil

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products. The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.