ExxonMobil (NYSE:XOM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

ExxonMobil (NYSE:XOM) had its price target raised by investment analysts at The Goldman Sachs Group from $168.00 to $169.00 in a note issued to investors on Tuesday. The firm currently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 4.30% from the stock’s previous close.

Several other analysts have also recently weighed in on XOM. HSBC set a $158.00 price objective on ExxonMobil and gave the company a “hold” rating in a research report on Monday, August 3rd. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $182.00 price objective (down from $183.00) on shares of ExxonMobil in a report on Monday, August 3rd. TD Cowen raised their price objective on ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Barclays dropped their target price on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Twelve investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $167.30.

ExxonMobil Trading Up 0.5%

ExxonMobil stock traded up $0.81 during mid-day trading on Tuesday, reaching $162.04. 12,403,740 shares of the company traded hands, compared to its average volume of 18,546,127. The firm’s 50 day moving average price is $159.10 and its 200 day moving average price is $153.45. ExxonMobil has a 52-week low of $110.39 and a 52-week high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The firm has a market capitalization of $671.64 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.97 and a beta of 0.18.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $109.94 billion. During the same period in the previous year, the firm posted $1.64 EPS. On average, analysts anticipate that ExxonMobil will post 11.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ExxonMobil

Institutional investors have recently modified their holdings of the stock. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil in the 2nd quarter worth about $27,000. Keewaydin Investments LLC purchased a new stake in ExxonMobil during the 4th quarter valued at about $33,000. Portus Wealth Advisors LLC bought a new stake in ExxonMobil during the 1st quarter valued at about $36,000. Hyposwiss Advisors SA purchased a new position in ExxonMobil in the fourth quarter worth about $37,000. Finally, Atlantic Private Wealth LLC raised its holdings in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after buying an additional 202 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Record production and revenue support the outlook. ExxonMobil reportedly delivered record oil output and revenue while keeping capital spending lower. Higher production from high-return assets, including the Permian Basin, and technology-driven efficiency gains could support margins and cash flow. ExxonMobil Delivers Record Oil Output And Revenue On Lower Spending
• Positive Sentiment: Balance-sheet strength provides downside protection. Zacks highlighted ExxonMobil’s debt-to-capitalization ratio of 13.73%, indicating financial flexibility to withstand oil-price volatility while funding operations, investments and shareholder distributions. How ExxonMobil’s Balance Sheet Helps Navigate Oil Volatility
• Positive Sentiment: Cash generation may support both growth and dividends. Coverage points to strong operating cash flow, including $23.6 billion cited in a dividend comparison, allowing ExxonMobil to invest for growth while continuing shareholder returns and pursuing its 2030 earnings and cash-flow targets. Caterpillar or Exxon: Which Dividend Has More Room to Grow? Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
• Positive Sentiment: Momentum and investor attention are favorable. Zacks characterized XOM as a strong momentum stock, while separate coverage noted unusually heavy investor searches. These signals can attract additional trading interest, though they do not change the company’s fundamentals. Why ExxonMobil Is a Strong Momentum Stock
• Neutral Sentiment: Geopolitical upside remains uncertain. A potential disruption at the Strait of Hormuz could lift crude prices and benefit large producers such as ExxonMobil, but falling oil prices despite the risk show that the market has not fully priced in this scenario. If Hormuz Stays Shut, How High Can Exxon Go?
• Negative Sentiment: Former shale executive alleges ExxonMobil failed to honor a promise. Scott Sheffield claims CEO Darren Woods “betrayed” him by not supporting him in a Federal Trade Commission dispute connected with a reported $60 billion deal. The allegation could create reputational or regulatory concerns, although the report does not establish financial liability. Shale Tycoon Claims Exxon CEO Betrayed Him in $60 Billion Deal

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.