ExxonMobil (NYSE:XOM) Price Target Raised to $175.00

ExxonMobil (NYSE:XOM) had its price objective lifted by research analysts at Citigroup from $155.00 to $175.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Citigroup‘s target price would indicate a potential upside of 3.23% from the company’s current price.

A number of other analysts have also recently commented on XOM. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. UBS Group raised their price target on shares of ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a research note on Monday. HSBC reiterated a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a report on Friday, September 25th. Finally, Weiss Ratings raised shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and an average price target of $170.74.

ExxonMobil Price Performance

ExxonMobil stock traded down $7.94 during mid-day trading on Wednesday, hitting $169.52. 24,937,044 shares of the company were exchanged, compared to its average volume of 17,698,039. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The business’s 50 day simple moving average is $168.33 and its two-hundred day simple moving average is $154.86. The company has a market capitalization of $702.64 billion, a P/E ratio of 17.42, a PEG ratio of 0.90 and a beta of 0.16. ExxonMobil has a 12-month low of $113.64 and a 12-month high of $188.50.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data 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 return on equity of 16.63% and a net margin of 10.24%. The business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. During the same period in the prior year, the business earned $1.88 earnings per share. Analysts forecast that ExxonMobil will post 13.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: TD Cowen raised its price target to $193 from $180 and reiterated a Buy rating, signaling potential upside in the firm’s view. Tickerreport article
• Positive Sentiment: Exxon reported strong Q3 earnings, supported by refining performance and cost discipline, and highlighted cash returns through a higher dividend and a larger share-repurchase authorization. These results and capital returns may help underpin investor confidence. Earnings reaction article
• Positive Sentiment: Exxon plans to invest $10 billion in refining through 2030, including a diesel-output expansion intended to improve efficiency and cash generation. The potential benefit is longer term and depends on execution and refining margins. Diesel expansion article
• Neutral Sentiment: Reports noted continued dividend growth and strong cash generation, but also raised the question of whether the stock’s valuation already reflects much of its positive outlook. Valuation article
• Negative Sentiment: DZ Bank cut its rating from Hold to Sell, setting a $170 target—close to the quoted share price—providing a bearish counterpoint to TD Cowen’s upgrade.
• Negative Sentiment: A report of unsold Nigerian crude cargoes suggested physical oil demand may be easing, a potential headwind if softer demand pressures commodity prices and upstream earnings. Physical oil market article

About ExxonMobil

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.