Freedom Broker Forecasts Strong Price Appreciation for ExxonMobil (NYSE:XOM) Stock

Key Points

• Freedom Broker raised its ExxonMobil price target from $142 to $162 but maintained a “hold” rating; the new target implies 2.3% downside from the prior close.
• Analyst sentiment is mixed: ExxonMobil has a consensus “hold” rating and an average price target of $170.38, with 11 Buy and 14 Hold ratings among analysts cited.
• In its latest reported quarter, ExxonMobil beat estimates, posting EPS of $4.23 versus $4.12 expected and revenue of $110.50 billion versus $104.89 billion expected.

ExxonMobil (NYSE:XOM - Get Free Report) had its price objective boosted by investment analysts at Freedom Broker from $142.00 to $162.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "hold" rating on the oil and gas company's stock. Freedom Broker's price target would indicate a potential downside of 2.30% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group restated a "neutral" rating and issued a $178.00 price target on shares of ExxonMobil in a report on Tuesday, October 20th. Zacks Research raised ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Weiss Ratings upgraded ExxonMobil from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday. UBS Group upped their target price on ExxonMobil from $199.00 to $213.00 and gave the company a "buy" rating in a report on Monday. Finally, Barclays raised their price target on ExxonMobil from $177.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of "Hold" and an average target price of $170.38.

ExxonMobil Price Performance

XOM stock traded up $0.51 during trading on Friday, reaching $165.81. 15,867,839 shares of the company were exchanged, compared to its average volume of 17,720,242. The company has a market cap of $676.38 billion, a P/E ratio of 17.04, a PEG ratio of 0.83 and a beta of 0.16. ExxonMobil has a 52-week low of $114.19 and a 52-week high of $188.50. The stock's 50 day moving average price is $168.83 and its 200 day moving average price is $155.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The company had revenue of $110.50 billion during the quarter, compared to analysts' expectations of $104.89 billion. During the same period last year, the company posted $1.88 earnings per share. As a group, analysts predict that ExxonMobil will post 13.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. CPA Asset Management Group LLC grew its position in shares of ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company's stock worth $561,000 after buying an additional 60 shares during the period. DecisionMap Wealth Management LLC lifted its holdings in ExxonMobil by 2.2% in the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company's stock valued at $474,000 after buying an additional 62 shares during the period. DSG Capital Advisors LLC lifted its holdings in ExxonMobil by 0.4% in the third quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company's stock valued at $2,611,000 after buying an additional 62 shares during the period. WP Advisors LLC boosted its stake in ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company's stock valued at $353,000 after acquiring an additional 63 shares during the last quarter. Finally, Acorn Creek Capital LLC boosted its stake in ExxonMobil by 2.0% in the third quarter. Acorn Creek Capital LLC now owns 3,264 shares of the oil and gas company's stock valued at $531,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

ExxonMobil Company Profile

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company's products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.

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