Scotiabank Issues Positive Forecast for ExxonMobil (NYSE:XOM) Stock Price

ExxonMobil (NYSE:XOM) had its target price upped by Scotiabank from $128.00 to $163.00 in a research report report published on Wednesday,Benzinga reports. They currently have a sector outperform rating on the oil and gas company’s stock.

Several other analysts have also recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and set a $155.00 price objective on shares of ExxonMobil in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Mizuho boosted their target price on ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Morgan Stanley decreased their target price on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Finally, Bank of America boosted their target price on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExxonMobil has an average rating of “Hold” and a consensus price target of $161.55.

ExxonMobil Stock Up 0.7%

Shares of NYSE XOM opened at $149.46 on Wednesday. ExxonMobil has a 52-week low of $101.18 and a 52-week high of $176.41. The firm has a fifty day moving average of $154.73 and a 200-day moving average of $133.49. The stock has a market capitalization of $621.24 billion, a PE ratio of 22.34, a P/E/G ratio of 0.75 and a beta of 0.29. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the company earned $1.67 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts anticipate that ExxonMobil will post 9.94 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a $1.03 dividend. The ex-dividend date was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s payout ratio is currently 61.58%.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 11,460 shares of company stock valued at $1,687,854. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On ExxonMobil

A number of institutional investors have recently added to or reduced their stakes in XOM. Eagle Capital Management LLC lifted its holdings in ExxonMobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new position in ExxonMobil in the 1st quarter worth $305,000. Sivia Capital Partners LLC lifted its holdings in ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares in the last quarter. United Bank lifted its holdings in ExxonMobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in shares of ExxonMobil by 17.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after purchasing an additional 5,443 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Scotiabank raised its price target on XOM to $163 and moved to a “sector outperform” view, signaling stronger analyst conviction and potential upside versus peers. Scotiabank raises XOM PT to $163 (Benzinga)
• Positive Sentiment: Analyst reports highlight Exxon’s production growth, Guyana success and low‑carbon investments — reinforcing the growth and diversification narrative that supports valuation multiple expansion. Top Analyst Reports for Exxon Mobil, IBM & Citigroup
• Positive Sentiment: Gabon expects to sign production‑sharing contracts with BP and Exxon within 4–6 months — a near‑term opportunity to boost upstream volumes and future cash flow. Gabon expects to sign production-sharing contracts with BP and Exxon (Reuters)
• Positive Sentiment: Exxon and peers are raising prices for plastics amid supply shocks tied to Middle East tensions — a margin tailwind for the chemicals segment if spreads hold. This Is Why Exxon Mobil Corporation (XOM) Is Hiking Plastics Prices (Yahoo)
• Positive Sentiment: Zacks added XOM to its Rank #1 (Strong Buy) lists (general and income focused), which can attract investor interest from momentum and income‑seeking flows. New Strong Buy Stocks for April 22nd (Zacks)
• Neutral Sentiment: Bloomberg/Reuters report Exxon is exploring a sale of its Hong Kong gas‑station network for $500–$600M — a noncore asset sale that could free cash and slightly improve capital allocation but is not material to overall free cash flow. Exxon Mobil Is Said to Consider Sale of Hong Kong Gas Stations (Bloomberg)
• Negative Sentiment: Wolfe Research downgraded Exxon, saying shares look fairly valued after a recent rally — that could pressure sentiment and limit near‑term upside from multiple expansion. Exxon downgraded at Wolfe (Seeking Alpha)
• Negative Sentiment: Ongoing governance disputes (proxy fights over board/CEO structure and shareholder voting) add investor uncertainty and could be a distraction during heightened geopolitical risk. Does Exxon’s Governance Standoff Amid Middle East Turmoil Change The Bull Case For XOM? (Yahoo)

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.