ExxonMobil (NYSE:XOM) Price Target Raised to $193.00

Key Points

• TD Cowen raised ExxonMobil’s price target from $180 to $193 and reiterated its Buy rating, implying 14.25% upside from the stock’s price cited in the report.
• Analyst opinion is mixed: MarketBeat’s consensus rating is Hold, with a $169.87 average target; ratings range from Strong Buy to Sell.
• Shares fell 4.8% to $168.93 in Wednesday trading. In its latest reported quarter, ExxonMobil beat estimates with EPS of $4.23 and revenue of $110.5 billion.

ExxonMobil (NYSE:XOM - Get Free Report) had its price target upped by research analysts at TD Cowen from $180.00 to $193.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the oil and gas company's stock. TD Cowen's price objective would indicate a potential upside of 14.25% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. William Blair started coverage on shares of ExxonMobil in a research note on Wednesday, October 28th. They issued a "market perform" rating on the stock. Wall Street Zen upgraded ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Mizuho lowered their price target on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. BNP Paribas Exane decreased their price objective on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating for the company in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $169.87.

ExxonMobil Trading Down 4.8%

XOM stock traded down $8.53 during mid-day trading on Wednesday, reaching $168.93. The company's stock had a trading volume of 14,355,915 shares, compared to its average volume of 17,664,355. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. ExxonMobil has a 12 month low of $113.64 and a 12 month high of $188.50. The business's 50 day moving average price is $168.33 and its 200 day moving average price is $154.86. The company has a market cap of $700.21 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16.

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 (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.11. The firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same period last year, the firm posted $1.88 EPS. On average, equities research analysts predict that ExxonMobil will post 13.61 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XOM. GQG Partners LLC raised its position in ExxonMobil by 153.3% in 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 purchasing an additional 10,214,420 shares during 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 position in shares of ExxonMobil during the first quarter worth approximately $766,345,000. Dimensional Fund Advisors LP lifted its holdings in ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after buying an additional 1,540,902 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of ExxonMobil by 63.3% in the 1st quarter. Fifth Third Bancorp now owns 3,371,424 shares of the oil and gas company's stock worth $571,996,000 after acquiring an additional 1,307,465 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil plans to invest $10 billion in refining through 2030, including an expansion expected to add 100,000 barrels per day of diesel capacity. The company is targeting higher output, efficiency and cash flow, though returns will depend on refining margins and execution. Article: Will ExxonMobil's 100,000-BPD Diesel Expansion Boost Refining Profit?
• Positive Sentiment: A report highlights ExxonMobil’s 44th consecutive annual dividend increase. Recent third-quarter coverage also points to a higher quarterly dividend and a larger share repurchase authorization, reinforcing the company’s shareholder-return commitment. Article: Exxon Mobil Just Raised Its Dividend for the 44th Year
• Positive Sentiment: Some analysts remain constructive: UBS raised its price target to $213 and kept a Buy rating, while separate reports noted higher targets from Morgan Stanley and positive views from Wells Fargo and UBS. Article: ExxonMobil Stocks Decline With Higher UBS Target
• Neutral Sentiment: Fund flows were mixed: iShares Core High Dividend added $13.4 million of Exxon shares, while State Street Energy Select Sector SPDR reported selling its entire portfolio, including Exxon. The latter appears to reflect a broad fund liquidation rather than an Exxon-specific decision. Article: What iShares Core High Dividend Bought
• Negative Sentiment: DZ Bank cut its rating on ExxonMobil from Hold to Sell, with a $170 target. That cautious call may add pressure, particularly as other coverage notes that the stock trades at a valuation premium. Article: DZ Bank Stock Recommendations

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.

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