ExxonMobil (NYSE:XOM) Price Target Raised to $200.00

ExxonMobil (NYSE:XOM) had its target price boosted by Barclays from $177.00 to $200.00 in a report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the oil and gas company’s stock.

Several other equities research analysts also recently issued reports on XOM. Piper Sandler boosted their price objective on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen raised ExxonMobil to a “hold” rating in a research report on Saturday, September 5th. BNP Paribas Exane cut their price target on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, July 17th. Finally, 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 research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.70.

ExxonMobil Stock Up 0.2%

Shares of NYSE XOM opened at $178.14 on Monday. The firm has a market cap of $738.39 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.04 and a beta of 0.21. 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 $112.51 and a 52-week high of $180.26. The business’s 50 day moving average is $164.95 and its two-hundred day moving average is $154.77.

ExxonMobil (NYSE:XOM) last released its quarterly 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the company earned $1.64 earnings per share. Research analysts predict that ExxonMobil will post 12.46 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.

Institutional Trading of ExxonMobil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of ExxonMobil by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after acquiring an additional 1,540,902 shares in the last quarter. Amundi boosted its holdings in ExxonMobil by 5.1% in the first 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 in the last quarter. GQG Partners LLC boosted its holdings in ExxonMobil by 153.3% in the second 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 in the last quarter. Swiss National Bank boosted its holdings in ExxonMobil by 5.9% in the first 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 in the last quarter. Finally, National Pension Service increased its stake in ExxonMobil by 1.8% in the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock valued at $1,321,265,000 after purchasing an additional 166,268 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analyst upgrades and target increases: Zacks Research upgraded ExxonMobil from “hold” to “strong buy,” while Barclays raised its price target. These actions reinforce the bullish view and may support continued investor demand. Zacks upgrades ExxonMobil to strong buy Barclays raises ExxonMobil price target
• Positive Sentiment: Upstream growth potential: ExxonMobil’s low-cost Permian and Guyana assets could expand production through 2030. Higher crude prices and disciplined capital spending are improving project economics, while Guyana’s stronger-than-expected returns have accelerated investment recovery. ExxonMobil long-term upstream production capacity
• Positive Sentiment: Supportive oil market: Rising crude prices have helped lift ExxonMobil’s earnings outlook and share performance. The stock has substantially outperformed the broader market over the past year, benefiting from its integrated energy model and exposure to higher oil prices. Events that could move ExxonMobil stock
• Neutral Sentiment: Additional exploration catalyst: ExxonMobil is preparing to drill an exploration well in Trinidad after completing seismic work. A discovery could add future reserves, but the outcome and commercial viability remain uncertain. ExxonMobil Trinidad exploration well
• Negative Sentiment: Execution and valuation risks: ExxonMobil is trading near its recent high after a major advance, leaving the stock more sensitive to weaker oil prices or disappointing earnings. Its latest quarterly EPS modestly missed consensus, despite revenue exceeding estimates, making the upcoming earnings report an important near-term catalyst.

About ExxonMobil

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.