ExxonMobil (NYSE:XOM) Price Target Raised to $187.00

ExxonMobil (NYSE:XOM) had its price objective upped by Morgan Stanley from $185.00 to $187.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

Other equities analysts also recently issued research reports about the stock. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Finally, UBS Group reiterated a “buy” rating and issued a $199.00 price objective on shares of ExxonMobil 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $170.74.

ExxonMobil Stock Down 4.5%

Shares of XOM stock opened at $169.52 on Monday. The stock’s 50-day simple moving average is $168.50 and its 200-day simple moving average is $155.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. The firm has a market capitalization of $691.50 billion, a PE ratio of 16.71, a P/E/G ratio of 0.87 and a beta of 0.16. ExxonMobil has a fifty-two week low of $113.64 and a fifty-two week high of $188.50.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The firm had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. Equities analysts expect that ExxonMobil will post 13.54 earnings per share for the current year.

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.5%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio is 42.34%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XOM. NBT Bank N.A. purchased a new position in ExxonMobil during the third quarter worth approximately $26,000. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil in the 2nd quarter valued at $27,000. Atlantic Private Wealth LLC grew its stake in shares of ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares during the period. Pioneer Family Office LLC purchased a new stake in shares of ExxonMobil during the 3rd quarter valued at $42,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of ExxonMobil during the 1st quarter worth $53,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts raised price targets: TD Cowen lifted its target to $193 and maintained a buy rating; Citigroup raised its target to $175 but kept a neutral rating. TD Cowen price target article
• Positive Sentiment: Refining investment could support future cash flow: Exxon plans to invest $10 billion in refining through 2030, including an expansion targeting 100,000 barrels per day of additional diesel output and improved efficiency. Diesel expansion article
• Positive Sentiment: Recent operating performance has been strong: Reports highlighted refining strength, cost discipline, a higher dividend and substantial buybacks, which may help support shareholder returns. ExxonMobil and Chevron results article
• Neutral Sentiment: Analyst views remain mixed: While some firms raised targets, DZ Bank downgraded Exxon to sell with a $170 target, reflecting limited perceived upside at the cited share price. DZ Bank rating information
• Negative Sentiment: Oil-price concerns are a key headwind: A CNBC trader argued that inflation pressures have eased and oil may not return to $100; reports of unsold crude cargoes also suggest physical-market demand is softening. Lower oil prices can reduce Exxon’s upstream earnings. Oil-price outlook article Physical oil market article
• Negative Sentiment: Cash-flow coverage may be a concern: One report said cash generation exceeded shareholder payments, leaving scope for balance-sheet repair and highlighting Exxon’s exposure to commodity swings. Cash generation and shareholder payments article

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.