ExxonMobil (NYSE:XOM) Given New $175.00 Price Target at Citigroup

Key Points

• Citigroup raised its ExxonMobil price target from $155 to $175 but maintained a neutral rating, implying 3.23% upside from the prior close.
• ExxonMobil reported quarterly earnings of $4.23 per share and revenue of $110.5 billion, exceeding analyst expectations on both measures.
• Analyst opinion is mixed: MarketBeat reports an average “Hold” rating and a consensus target of $170.74; shares traded at $169.52 on Wednesday.

ExxonMobil (NYSE:XOM - Get Free Report) had its price target boosted by analysts at Citigroup from $155.00 to $175.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas company's stock. Citigroup's price target would suggest a potential upside of 3.23% from the company's previous close.

Other analysts have also issued research reports about the company. Jefferies Financial Group lifted their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, August 17th. BNP Paribas Exane reduced their price objective on ExxonMobil from $165.00 to $155.00 and set a "neutral" rating for the company in a research report on Friday, July 17th. HSBC reissued a "hold" rating and issued a $90.00 target price on shares of ExxonMobil in a report on Friday, September 25th. Wall Street Zen raised ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Finally, Wells Fargo & Company boosted their price target on ExxonMobil from $182.00 to $189.00 and gave the company an "equal weight" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, ExxonMobil has an average rating of "Hold" and a consensus target price of $170.74.

ExxonMobil Stock Performance

ExxonMobil stock traded down $7.94 during midday trading on Wednesday, reaching $169.52. 24,937,044 shares of the company traded hands, compared to its average volume of 17,698,039. The firm has a market capitalization of $702.64 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. The business has a 50 day moving average of $168.33 and a two-hundred day moving average of $154.86. ExxonMobil has a 12 month low of $113.64 and a 12 month high of $188.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.11. The business had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period in the previous year, the business earned $1.88 EPS. As a group, research analysts predict that ExxonMobil will post 13.61 earnings per share for the current year.

Institutional Investors Weigh In On ExxonMobil

Hedge funds and other institutional investors have recently modified their holdings of the stock. CPA Asset Management Group LLC grew its stake in 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 valued at $561,000 after acquiring an additional 60 shares during the last quarter. DecisionMap Wealth Management LLC increased its holdings in ExxonMobil by 2.2% during the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company's stock valued at $474,000 after acquiring an additional 62 shares in the last quarter. WP Advisors LLC raised its position in ExxonMobil by 3.0% during the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company's stock worth $353,000 after acquiring an additional 63 shares during the last quarter. Avant Capital LLC raised its position in ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock worth $1,529,000 after acquiring an additional 65 shares during the last quarter. Finally, Core Wealth Advisors Inc. raised its position in ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock worth $1,155,000 after acquiring an additional 68 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: TD Cowen raised its price target to $193 from $180 and reiterated a Buy rating, signaling potential upside in the firm’s view. Tickerreport article
• Positive Sentiment: Exxon reported strong Q3 earnings, supported by refining performance and cost discipline, and highlighted cash returns through a higher dividend and a larger share-repurchase authorization. These results and capital returns may help underpin investor confidence. Earnings reaction article
• Positive Sentiment: Exxon plans to invest $10 billion in refining through 2030, including a diesel-output expansion intended to improve efficiency and cash generation. The potential benefit is longer term and depends on execution and refining margins. Diesel expansion article
• Neutral Sentiment: Reports noted continued dividend growth and strong cash generation, but also raised the question of whether the stock’s valuation already reflects much of its positive outlook. Valuation article
• Negative Sentiment: DZ Bank cut its rating from Hold to Sell, setting a $170 target—close to the quoted share price—providing a bearish counterpoint to TD Cowen’s upgrade.
• Negative Sentiment: A report of unsold Nigerian crude cargoes suggested physical oil demand may be easing, a potential headwind if softer demand pressures commodity prices and upstream earnings. Physical oil market article

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.