ExxonMobil Corporation (NYSE:XOM) Stock Has Consensus Target Price of $167.30 According to Analysts

ExxonMobil Corporation (NYSE:XOM) has received an average recommendation of “Hold” from the twenty-five research firms that are presently covering the firm, Marketbeat reports. Fourteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $164.78.

XOM has been the topic of a number of recent research reports. Citigroup reissued a “neutral” rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $182.00 price objective on shares of ExxonMobil in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. HSBC restated a “hold” rating and set a $90.00 price objective on shares of ExxonMobil in a research report on Friday, September 25th. Finally, UBS Group set a $172.00 target price on shares of ExxonMobil in a research note on Friday, September 25th.

ExxonMobil Stock Performance

NYSE XOM opened at $163.80 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil has a 52-week low of $110.39 and a 52-week high of $176.41. The business’s 50-day moving average price is $160.47 and its 200 day moving average price is $153.89. The firm has a market cap of $678.93 billion, a P/E ratio of 21.08, a P/E/G ratio of 0.96 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the prior year, the company earned $1.64 earnings per share. On average, equities research analysts expect that ExxonMobil will post 12.4 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s dividend payout ratio is currently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in ExxonMobil in the fourth quarter valued at about $7,625,063,000. GQG Partners LLC lifted its position in shares of 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 acquiring an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC purchased a new stake in shares of ExxonMobil during the 1st quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ExxonMobil in the 1st quarter worth approximately $766,345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ExxonMobil by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after acquiring an additional 2,465,410 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s low-cost Guyana and Permian Basin assets, expected production growth and cost reductions are viewed as drivers of stronger long-term earnings and cash flow. ExxonMobil’s Advantageous Upstream Assets to Fuel Long-Term Growth
• Positive Sentiment: Record or elevated diesel prices could improve refining margins and increase pricing power for ExxonMobil, particularly while refined-fuel supplies remain constrained despite improving crude transportation through the Strait of Hormuz. Diesel Prices Are Surging and ExxonMobil Stock Could Benefit
• Positive Sentiment: Potential crude-supply agreements with Vietnam could deepen ExxonMobil’s regional energy relationships and expand future crude, LNG and LPG opportunities. Chevron & ExxonMobil Ink Potential Crude Supply Deals With Vietnam
• Positive Sentiment: A U.S. consumer lawsuit over plastics-recycling claims was dismissed, removing a potential litigation overhang. Exxon, others defeat consumer lawsuit over plastic recycling claims
• Neutral Sentiment: Wells Fargo reaffirmed its “equal weight” rating but raised its price target to $182, implying additional upside while signaling that the analyst does not see a strong reason to materially outperform peers.
• Neutral Sentiment: ExxonMobil’s selection of SLB’s OneSubsea venture for the first phase of Mozambique’s Rovuma LNG project supports future growth, though the project will require substantial investment and has a long development timeline. ExxonMobil Taps SLB Venture for Giant African LNG Project
• Negative Sentiment: Refiners such as Marathon Petroleum and Valero are outperforming integrated majors, indicating that investors currently favor direct exposure to strong fuel margins over ExxonMobil’s broader upstream and downstream portfolio. Refiners Outrun Integrated Majors
• Negative Sentiment: ExxonMobil and other oil companies reportedly face a potential $5.2 billion Kazakhstan fine, creating an unresolved legal and financial risk. Market Chatter: ExxonMobil Faces Kazakhstan Fine

ExxonMobil Company Profile

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.