ExxonMobil (NYSE:XOM) Stock Price Target Raised at TD Cowen

ExxonMobil (NYSE:XOM) had its price target lifted by TD Cowen from $168.00 to $180.00 in a research report report published on Monday, Marketbeat.com reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other analysts also recently weighed in on the stock. HSBC reissued a “hold” rating and set a $90.00 target price on shares of ExxonMobil in a research report on Friday. DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a research note on Tuesday, August 4th. The Goldman Sachs Group boosted their price objective on shares of ExxonMobil from $168.00 to $169.00 and gave the company a “neutral” rating in a report on Tuesday, September 22nd. Argus upped their target price on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, ExxonMobil presently has a consensus rating of “Hold” and a consensus price target of $164.78.

ExxonMobil Trading Up 1.2%

ExxonMobil stock opened at $162.47 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market cap of $673.42 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.18. The stock has a 50-day moving average of $159.96 and a two-hundred day moving average of $153.70. ExxonMobil has a one year low of $110.39 and a one year high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter last year, the company earned $1.64 EPS. On average, research analysts anticipate that ExxonMobil will post 12.01 EPS for the current fiscal year.

ExxonMobil Announces Dividend

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

Institutional Trading of ExxonMobil

A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. GQG Partners LLC raised its position in ExxonMobil by 153.3% during 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 acquiring an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC purchased a new stake in ExxonMobil in the 1st quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in ExxonMobil in the 1st quarter worth approximately $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ExxonMobil by 18.2% during 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 purchasing an additional 2,465,410 shares during the period. Finally, Diamant Asset Management Inc. grew its stake in shares of ExxonMobil by 17,312.4% during the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock worth $370,514,000 after purchasing an additional 2,171,322 shares during the period. 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: Higher oil prices supported the stock. Crude prices rebounded after President Trump rejected an Iranian proposal related to the conflict and the reopening of the Strait of Hormuz, improving the outlook for ExxonMobil’s upstream earnings. What’s Going On With Exxon Mobil Stock on Monday?
• Positive Sentiment: TD Cowen raised its price target to $180 from $168 and maintained a Buy rating. The revision signals expectations for additional upside, likely reflecting improved oil-price assumptions and confidence in ExxonMobil’s operating outlook. TD Cowen Adjusts Price Target on Exxon Mobil to $180
• Positive Sentiment: XOM gained while the broader market declined. The relative strength suggests investors viewed ExxonMobil as a defensive beneficiary of firming crude prices and energy-market uncertainty. Exxon Mobil Holdings Gains as Market Dips
• Neutral Sentiment: Justice Samuel Alito will not participate in the Supreme Court’s climate-change case involving ExxonMobil and Suncor Energy. His recusal addresses a conflict-of-interest concern raised by environmental groups, but the decision’s potential legal and financial impact on ExxonMobil remains uncertain. Supreme Court Justice Alito Recusal
• Negative Sentiment: Boardroom criticism remains an overhang. Former executive Sheffield alleged that ExxonMobil conducted a smear campaign to prevent him from joining the company’s board. The claims could create reputational and governance concerns, although no immediate financial impact was reported. Sheffield Says Exxon Launched Smear Campaign

About ExxonMobil

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.