ExxonMobil Corporation (XOM) – What Are Investment Firms Saying About This Stock?

Shares of ExxonMobil Corporation (NYSE:XOM) have earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are currently covering the stock, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $167.70.

A number of brokerages have weighed in on XOM. BMO Capital Markets lifted their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. TD Cowen boosted their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. BNP Paribas Exane dropped their price objective 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. Finally, Mizuho cut their target price 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.

Institutional Trading of ExxonMobil

Several large investors have recently added to or reduced their stakes in XOM. Assetmark Inc. lifted its holdings in ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after buying an additional 37,666 shares in the last quarter. Charles Schwab Trust Co boosted its position in ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after buying an additional 97,424 shares during the last quarter. CV Advisors LLC grew its stake in shares of ExxonMobil by 126.7% during the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after acquiring an additional 6,478 shares in the last quarter. Midwest Trust Co grew its stake in shares of ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of ExxonMobil by 13.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company’s stock valued at $34,648,000 after acquiring an additional 30,423 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

NYSE XOM opened at $184.41 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil has a 1-year low of $112.51 and a 1-year high of $184.59. The firm has a market capitalization of $764.39 billion, a P/E ratio of 23.73, a P/E/G ratio of 0.92 and a beta of 0.21. The business’s 50-day simple moving average is $165.81 and its 200-day simple moving average is $152.82.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period last year, the company posted $1.64 EPS. Equities analysts predict that ExxonMobil will post 13.63 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s refining business is expected to provide an approximately $4.5 billion earnings boost, potentially offsetting weaker results from lower crude prices. Investors are focused on whether this refining windfall will drive a strong third quarter. Can Exxon’s $4.5 Billion Refining Windfall Defy Dropping Crude Prices on Oct. 30?
• Positive Sentiment: Exchange-traded funds purchased about $1.41 billion of XOM on October 22, signaling strong institutional demand and helping support the stock’s recent advance. ETFs Bought $1.41 Billion of ExxonMobil
• Positive Sentiment: Analysts and value-investing commentary continue to highlight ExxonMobil’s scale, balance sheet, valuation and shareholder-return potential, supporting the view that XOM can remain attractive for long-term investors. Why Exxon Mobil Holdings Is a Top Value Stock for the Long-Term
• Positive Sentiment: ExxonMobil’s stock recently reached a record close amid elevated Brent crude prices, reinforcing momentum in the energy sector. ExxonMobil Stock Hit a Record Close
• Neutral Sentiment: Erste Group raised its earnings estimates for ExxonMobil, while the broader market enters a volatile week dominated by major earnings reports, economic data and an upcoming Federal Reserve meeting. Erste Group Bank Boosts Earnings Estimates for ExxonMobil
• Negative Sentiment: Persian Gulf oil exports have reportedly recovered above pre-conflict levels, and hopes that the Iran conflict is easing have pushed Brent crude lower. Increased supply and falling oil prices could pressure ExxonMobil’s upstream earnings and challenge its recent rally. Gulf Oil Is Roaring Back as Exxon Heads Into Earnings
• Negative Sentiment: With XOM trading near record levels and one valuation estimate below the current price, investors may require a strong earnings beat or favorable guidance to justify additional gains. Higher Treasury-bill yields also make dividend stocks relatively less attractive for income-focused investors. T-Bills Yield Up to 4.45% and Dividend Stocks

ExxonMobil Company Profile

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.