ExxonMobil (NYSE:XOM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

ExxonMobil (NYSE:XOM) had its price objective upped by investment analysts at Wells Fargo & Company from $182.00 to $189.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 1.05% from the company’s current price.

XOM has been the topic of a number of other reports. Barclays lifted their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, October 19th. TD Cowen raised their target price on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Mizuho cut their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, BNP Paribas Exane lowered their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, ExxonMobil has a consensus rating of “Moderate Buy” and an average target price of $168.00.

ExxonMobil Price Performance

Shares of XOM opened at $187.03 on Monday. ExxonMobil has a 1 year low of $112.51 and a 1 year high of $188.50. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The stock has a market cap of $775.23 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 0.94 and a beta of 0.21. The stock’s 50-day moving average price is $167.76 and its two-hundred day moving average price is $154.35.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $104.89 billion. During the same quarter in the previous year, the business earned $1.88 EPS. On average, equities analysts predict that ExxonMobil will post 13.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XOM. Pathway Financial Advisers LLC boosted its holdings in shares of ExxonMobil by 4.8% during the third quarter. Pathway Financial Advisers LLC now owns 8,787 shares of the oil and gas company’s stock worth $1,430,000 after purchasing an additional 402 shares during the period. Bfsg LLC purchased a new position in shares of ExxonMobil in the 3rd quarter worth about $9,811,000. Cowa LLC grew its holdings in shares of ExxonMobil by 5.3% during the third quarter. Cowa LLC now owns 8,392 shares of the oil and gas company’s stock valued at $1,366,000 after buying an additional 426 shares during the last quarter. Boston Trust Walden Corp bought a new stake in shares of ExxonMobil in the 3rd quarter worth $76,285,000. Finally, Sageworth Trust Co raised its position in ExxonMobil by 123.7% in the 3rd quarter. Sageworth Trust Co now owns 3,393 shares of the oil and gas company’s stock worth $552,000 after buying an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Strong Q3 earnings supported the rally. ExxonMobil generated approximately $15.4 billion in GAAP net income, or $3.72 in basic earnings per share, on $110.5 billion of revenue. Results exceeded expectations, with refining margins providing the main boost. ExxonMobil Q3 earnings article
• Positive Sentiment: Dividend growth reinforces ExxonMobil’s income appeal. The company raised its quarterly dividend 3.9% to $1.07 per share, equivalent to $4.28 annually and a yield of roughly 2.3%. The increase reportedly marks the 44th consecutive annual dividend increase. ExxonMobil Q3 earnings takeaways
• Positive Sentiment: Cash generation and capital returns remain strong. Free cash flow reportedly surged 90% year to date. ExxonMobil spent $5.1 billion on share repurchases during the quarter, more than its $4.3 billion in dividend payments, and reduced net debt by nearly $11 billion during the first nine months. ExxonMobil dividend and free cash flow article
• Positive Sentiment: Analysts and financial commentators continue to describe XOM as a blue-chip energy holding, citing its low beta, scale and diversified upstream portfolio. Elevated geopolitical tensions have also supported oil-company profits and investor interest in the sector. ExxonMobil blue-chip energy investment article
• Neutral Sentiment: Heavy trading in ExxonMobil call options and a reported 2.3% increase in Childress Capital Advisors’ stake suggest bullish positioning, but neither necessarily reflects long-term fundamental demand.
• Negative Sentiment: Investors should watch earnings quality and valuation. Upstream earnings declined, refining margins drove much of the quarterly beat, and some reports characterized sales as below analyst estimates. With shares near their 52-week high, future gains may depend on sustained commodity prices and refining strength. ExxonMobil refining profits 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.