ExxonMobil (NYSE:XOM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Key Points

• Goldman Sachs raised its ExxonMobil price target slightly from $168 to $169 while maintaining a “neutral” rating, implying approximately 4.3% upside from the prior close.
• Analyst sentiment remains mixed, with 11 “buy” ratings and 13 “hold” ratings; MarketBeat’s consensus rating is “Hold,” with an average price target of $169.27.
• ExxonMobil shares rose 0.5% to $162.04, while the company’s latest quarterly results included $3.52 in earnings per share—slightly below estimates—but revenue of $114.53 billion, above expectations.

ExxonMobil (NYSE:XOM - Get Free Report) had its price objective boosted by stock analysts at The Goldman Sachs Group from $168.00 to $169.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a "neutral" rating on the oil and gas company's stock. The Goldman Sachs Group's target price would indicate a potential upside of 4.30% from the stock's previous close.

XOM has been the subject of a number of other research reports. UBS Group reissued a "buy" rating on shares of ExxonMobil in a research note on Tuesday, September 8th. Freedom Capital upgraded ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Bank of America cut ExxonMobil from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Mizuho lowered their price objective on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 9th. Finally, Piper Sandler increased their price objective on ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Eleven investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil presently has a consensus rating of "Hold" and an average price target of $169.27.

ExxonMobil Trading Up 0.5%

Shares of XOM stock traded up $0.81 on Tuesday, hitting $162.04. 12,402,325 shares of the company's stock traded hands, compared to its average volume of 18,545,975. The stock has a market capitalization of $671.64 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.97 and a beta of 0.18. The company's fifty day simple moving average is $159.10 and its 200 day simple moving average is $153.45. ExxonMobil has a one year low of $110.39 and a one year high of $176.41. 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 (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. Equities analysts forecast that ExxonMobil will post 11.93 EPS for the current year.

Institutional Trading of ExxonMobil

Several large investors have recently modified their holdings of the business. QRG Capital Management Inc. increased its holdings in ExxonMobil by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 733,692 shares of the oil and gas company's stock valued at $100,310,000 after purchasing an additional 50,285 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in ExxonMobil by 13.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company's stock worth $34,648,000 after buying an additional 30,423 shares during the period. Premier Financial Group bought a new stake in shares of ExxonMobil in the 2nd quarter worth approximately $286,000. Security National Bank of Sioux City Iowa IA grew its position in shares of ExxonMobil by 19.8% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 31,120 shares of the oil and gas company's stock worth $4,255,000 after buying an additional 5,154 shares during the last quarter. Finally, Anchor Investment Management LLC increased its stake in shares of ExxonMobil by 6.8% during the second quarter. Anchor Investment Management LLC now owns 89,385 shares of the oil and gas company's stock valued at $12,221,000 after buying an additional 5,705 shares during the period. 61.80% of the stock is owned by institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Record production and revenue support the outlook. ExxonMobil reportedly delivered record oil output and revenue while keeping capital spending lower. Higher production from high-return assets, including the Permian Basin, and technology-driven efficiency gains could support margins and cash flow. ExxonMobil Delivers Record Oil Output And Revenue On Lower Spending
• Positive Sentiment: Balance-sheet strength provides downside protection. Zacks highlighted ExxonMobil’s debt-to-capitalization ratio of 13.73%, indicating financial flexibility to withstand oil-price volatility while funding operations, investments and shareholder distributions. How ExxonMobil’s Balance Sheet Helps Navigate Oil Volatility
• Positive Sentiment: Cash generation may support both growth and dividends. Coverage points to strong operating cash flow, including $23.6 billion cited in a dividend comparison, allowing ExxonMobil to invest for growth while continuing shareholder returns and pursuing its 2030 earnings and cash-flow targets. Caterpillar or Exxon: Which Dividend Has More Room to Grow? Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
• Positive Sentiment: Momentum and investor attention are favorable. Zacks characterized XOM as a strong momentum stock, while separate coverage noted unusually heavy investor searches. These signals can attract additional trading interest, though they do not change the company’s fundamentals. Why ExxonMobil Is a Strong Momentum Stock
• Neutral Sentiment: Geopolitical upside remains uncertain. A potential disruption at the Strait of Hormuz could lift crude prices and benefit large producers such as ExxonMobil, but falling oil prices despite the risk show that the market has not fully priced in this scenario. If Hormuz Stays Shut, How High Can Exxon Go?
• Negative Sentiment: Former shale executive alleges ExxonMobil failed to honor a promise. Scott Sheffield claims CEO Darren Woods “betrayed” him by not supporting him in a Federal Trade Commission dispute connected with a reported $60 billion deal. The allegation could create reputational or regulatory concerns, although the report does not establish financial liability. Shale Tycoon Claims Exxon CEO Betrayed Him in $60 Billion Deal

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.

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