ExxonMobil (NYSE:XOM) Stock Price Target Raised at The Goldman Sachs Group

ExxonMobil (NYSE:XOM) had its price target increased by The Goldman Sachs Group from $168.00 to $169.00 in a research report report published on Tuesday. The Goldman Sachs Group currently has a neutral rating on the oil and gas company’s stock.

A number of other research analysts also recently issued reports on the stock. Mizuho dropped their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley upped their price objective on shares of ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 target price (down from $183.00) on shares of ExxonMobil in a research report on Monday, August 3rd. Twelve research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and an average target price of $167.30.

ExxonMobil Price Performance

NYSE XOM traded up $0.81 during midday trading on Tuesday, hitting $162.04. The company had a trading volume of 12,402,329 shares, compared to its average volume of 18,545,975. The firm has a 50-day moving average price of $159.10 and a 200-day moving average price of $153.45. The company has a market capitalization of $671.64 billion, a PE ratio of 20.85, a P/E/G ratio of 0.97 and a beta of 0.18. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. ExxonMobil has a twelve month low of $110.39 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the previous year, the firm posted $1.64 EPS. As a group, analysts anticipate that ExxonMobil will post 11.93 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s dividend payout ratio is presently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Several hedge funds have recently bought and sold shares of XOM. Norges Bank purchased a new stake in ExxonMobil in the 4th quarter worth approximately $7,625,063,000. Bank of New York Mellon Corp increased its stake in shares of ExxonMobil by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after buying an additional 531,362 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after acquiring an additional 1,540,902 shares in the last quarter. Amundi raised its holdings in shares of ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after acquiring an additional 1,192,386 shares in the last quarter. Finally, GQG Partners LLC lifted its stake in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after acquiring an additional 10,214,420 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Record production and revenue support the outlook. ExxonMobil reportedly delivered record oil output and revenue while keeping capital spending lower. Higher production from high-return assets, including the Permian Basin, and technology-driven efficiency gains could support margins and cash flow. ExxonMobil Delivers Record Oil Output And Revenue On Lower Spending
• Positive Sentiment: Balance-sheet strength provides downside protection. Zacks highlighted ExxonMobil’s debt-to-capitalization ratio of 13.73%, indicating financial flexibility to withstand oil-price volatility while funding operations, investments and shareholder distributions. How ExxonMobil’s Balance Sheet Helps Navigate Oil Volatility
• Positive Sentiment: Cash generation may support both growth and dividends. Coverage points to strong operating cash flow, including $23.6 billion cited in a dividend comparison, allowing ExxonMobil to invest for growth while continuing shareholder returns and pursuing its 2030 earnings and cash-flow targets. Caterpillar or Exxon: Which Dividend Has More Room to Grow? Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
• Positive Sentiment: Momentum and investor attention are favorable. Zacks characterized XOM as a strong momentum stock, while separate coverage noted unusually heavy investor searches. These signals can attract additional trading interest, though they do not change the company’s fundamentals. Why ExxonMobil Is a Strong Momentum Stock
• Neutral Sentiment: Geopolitical upside remains uncertain. A potential disruption at the Strait of Hormuz could lift crude prices and benefit large producers such as ExxonMobil, but falling oil prices despite the risk show that the market has not fully priced in this scenario. If Hormuz Stays Shut, How High Can Exxon Go?
• Negative Sentiment: Former shale executive alleges ExxonMobil failed to honor a promise. Scott Sheffield claims CEO Darren Woods “betrayed” him by not supporting him in a Federal Trade Commission dispute connected with a reported $60 billion deal. The allegation could create reputational or regulatory concerns, although the report does not establish financial liability. Shale Tycoon Claims Exxon CEO Betrayed Him in $60 Billion Deal

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.