ExxonMobil (NYSE:XOM) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded ExxonMobil to “Hold,” aligning with the broader analyst consensus. Ten analysts rate the stock a Buy and twelve rate it a Hold, with an average price target of $167.45.
• ExxonMobil opened at $159.53, with a market capitalization of approximately $661 billion. The stock is down 1.7% and remains below its 52-week high of $176.41.
• The company’s latest quarterly EPS of $3.52 slightly missed estimates of $3.56, although revenue of $114.53 billion exceeded expectations. Future performance remains supported by higher oil prices, production growth and strong dividend coverage, but is vulnerable to a sharp decline in crude prices.

ExxonMobil (NYSE:XOM - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Several other analysts have also issued reports on the stock. DZ Bank lowered shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. HSBC set a $158.00 price objective on ExxonMobil in a report on Monday, August 3rd. Freedom Capital upgraded ExxonMobil from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Mizuho reduced their price target on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein decreased their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $167.45.

ExxonMobil Trading Down 1.7%

XOM stock opened at $159.53 on Friday. The company has a market capitalization of $661.24 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.00 and a beta of 0.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil has a one year low of $108.35 and a one year high of $176.41. The company's 50 day moving average price is $152.97 and its two-hundred day moving average price is $152.25.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company posted $1.64 EPS. As a group, analysts predict that ExxonMobil will post 11.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ExxonMobil

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust raised its position in shares of ExxonMobil by 3.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 48,139 shares of the oil and gas company's stock worth $6,582,000 after acquiring an additional 1,751 shares in the last quarter. MLG Wealth Management DBA Pine Grove Financial Group boosted its position in shares of ExxonMobil by 27.9% during the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 4,735 shares of the oil and gas company's stock valued at $647,000 after purchasing an additional 1,033 shares in the last quarter. Planning Project LLC purchased a new stake in ExxonMobil in the second quarter worth $9,693,000. HORAN Wealth LLC grew its stake in ExxonMobil by 0.6% in the second quarter. HORAN Wealth LLC now owns 13,665 shares of the oil and gas company's stock worth $1,868,000 after purchasing an additional 80 shares during the period. Finally, Kirkwood Financial Services bought a new position in ExxonMobil in the second quarter worth $240,000. Hedge funds and other 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: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
• Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
• Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
• Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
• Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?

ExxonMobil Company Profile

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.

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.

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