ExxonMobil (NYSE:XOM) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded ExxonMobil from “hold” to “buy,” while broader analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and an average price target of $167.70.
• ExxonMobil opened at $183.23, near its 52-week high of $183.75, with a market capitalization of approximately $759.5 billion and relatively low debt-to-equity of 0.12.
• The company reported quarterly EPS of $3.52, slightly below expectations, but revenue of $114.53 billion exceeded estimates; institutional investors own about 61.8% of the stock.

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

A number of other analysts have also weighed in on XOM. Bank of America lowered ExxonMobil from a "buy" rating to a "neutral" rating and upped their target price for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $178.00 price target on shares of ExxonMobil in a report on Tuesday. BNP Paribas Exane reduced their price target on ExxonMobil from $165.00 to $155.00 and set a "neutral" rating for the company in a research report on Friday, July 17th. Weiss Ratings upgraded ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 29th. Finally, Citigroup restated a "neutral" rating and set a $175.00 price objective (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.70.

ExxonMobil Stock Performance

NYSE XOM opened at $183.23 on Friday. The business's 50 day moving average price is $165.80 and its 200-day moving average price is $155.09. ExxonMobil has a fifty-two week low of $112.51 and a fifty-two week high of $183.75. The company has a market cap of $759.46 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.89 and a beta of 0.21. 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 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 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 firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the previous year, the business earned $1.64 EPS. Sell-side analysts predict that ExxonMobil will post 13.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. lifted its holdings in ExxonMobil by 0.9% in the third quarter. Financial Management Professionals Inc. now owns 21,339 shares of the oil and gas company's stock valued at $3,473,000 after acquiring an additional 187 shares during the period. Centerpoint Advisory Group grew its stake in shares of ExxonMobil by 17.5% during the 3rd quarter. Centerpoint Advisory Group now owns 3,661 shares of the oil and gas company's stock worth $596,000 after purchasing an additional 545 shares during the period. Beacon Capital Management LLC acquired a new stake in shares of ExxonMobil during the 3rd quarter worth approximately $1,015,000. Randolph Co Inc purchased a new position in shares of ExxonMobil during the 3rd quarter valued at approximately $43,930,000. Finally, Argyle Capital Partners LLC increased its holdings in shares of ExxonMobil by 37.9% during the 3rd quarter. Argyle Capital Partners LLC now owns 7,345 shares of the oil and gas company's stock valued at $1,195,000 after purchasing an additional 2,017 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

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.

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