Analysts Set ExxonMobil Corporation (NYSE:XOM) PT at $164.45

Shares of ExxonMobil Corporation (NYSE:XOM) have earned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $164.45.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Citigroup restated a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Sanford C. Bernstein lowered their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Finally, Scotiabank boosted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd.

Hedge Funds Weigh In On ExxonMobil

Institutional investors have recently made changes to their positions in the stock. Berbice Capital Management LLC acquired a new position in ExxonMobil during the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil in the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of ExxonMobil during the fourth quarter valued at approximately $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil during the fourth quarter worth approximately $32,000. 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: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

ExxonMobil Stock Performance

Shares of XOM opened at $147.56 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $145.78 and its two-hundred day simple moving average is $146.31. ExxonMobil has a 12 month low of $105.53 and a 12 month high of $176.41. The stock has a market capitalization of $611.62 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. As a group, analysts predict that ExxonMobil will post 11.38 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

About ExxonMobil

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.