ExxonMobil (NYSE:XOM) Stock Gets Price Target Boost from TD Cowen

ExxonMobil (NYSE:XOM) had its price objective boosted by investment analysts at TD Cowen from $180.00 to $193.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen‘s target price points to a potential upside of 14.25% from the company’s current price.

XOM has been the topic of a number of other research reports. DZ Bank lowered ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 price objective on the stock. in a research note on Wednesday. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price objective for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. BNP Paribas Exane dropped their target price on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, July 17th. Barclays upped their price objective on ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Finally, Morgan Stanley upped their price target on shares of ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and a consensus target price of $169.87.

ExxonMobil Trading Down 4.8%

NYSE XOM traded down $8.53 on Wednesday, reaching $168.93. 14,355,915 shares of the company were exchanged, compared to its average volume of 17,664,355. The stock has a market capitalization of $700.21 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. 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 fifty-two week low of $113.64 and a fifty-two week high of $188.50. The business’s fifty day moving average price is $168.33 and its 200 day moving average price is $154.86.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $4.12 by $0.11. The business had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Analysts forecast that ExxonMobil will post 13.61 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CPA Asset Management Group LLC grew its stake in shares of ExxonMobil by 1.8% in the 3rd 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 in the last quarter. DecisionMap Wealth Management LLC grew its position in ExxonMobil by 2.2% during the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after buying an additional 62 shares in the last quarter. WP Advisors LLC grew its stake 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 worth $353,000 after buying an additional 63 shares in the last quarter. Avant Capital LLC increased its position in shares of ExxonMobil by 0.6% during the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock valued at $1,529,000 after purchasing an additional 65 shares during the last quarter. Finally, Core Wealth Advisors Inc. boosted its stake in shares of ExxonMobil by 1.0% in the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil plans to invest $10 billion in refining through 2030, including an expansion expected to add 100,000 barrels per day of diesel capacity. The company is targeting higher output, efficiency and cash flow, though returns will depend on refining margins and execution. Article: Will ExxonMobil’s 100,000-BPD Diesel Expansion Boost Refining Profit?
• Positive Sentiment: A report highlights ExxonMobil’s 44th consecutive annual dividend increase. Recent third-quarter coverage also points to a higher quarterly dividend and a larger share repurchase authorization, reinforcing the company’s shareholder-return commitment. Article: Exxon Mobil Just Raised Its Dividend for the 44th Year
• Positive Sentiment: Some analysts remain constructive: UBS raised its price target to $213 and kept a Buy rating, while separate reports noted higher targets from Morgan Stanley and positive views from Wells Fargo and UBS. Article: ExxonMobil Stocks Decline With Higher UBS Target
• Neutral Sentiment: Fund flows were mixed: iShares Core High Dividend added $13.4 million of Exxon shares, while State Street Energy Select Sector SPDR reported selling its entire portfolio, including Exxon. The latter appears to reflect a broad fund liquidation rather than an Exxon-specific decision. Article: What iShares Core High Dividend Bought
• Negative Sentiment: DZ Bank cut its rating on ExxonMobil from Hold to Sell, with a $170 target. That cautious call may add pressure, particularly as other coverage notes that the stock trades at a valuation premium. Article: DZ Bank Stock Recommendations

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.