Recent Analysts’ Ratings Updates for Exxon Mobil (XOM)

A number of research firms have changed their ratings and price targets for Exxon Mobil (NYSE: XOM):

• 10/17/2024 – Exxon Mobil is now covered by analysts at Bank of America Co.. They set a “neutral” rating and a $124.00 price target on the stock.
• 10/10/2024 – Exxon Mobil was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating. They now have a $145.00 price target on the stock, up previously from $129.00.
• 10/9/2024 – Exxon Mobil was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating. They now have a $105.00 price target on the stock.
• 10/8/2024 – Exxon Mobil had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $120.00 price target on the stock.
• 10/4/2024 – Exxon Mobil had its price target raised by analysts at BMO Capital Markets from $127.00 to $130.00. They now have a “market perform” rating on the stock.
• 10/3/2024 – Exxon Mobil had its price target lowered by analysts at Barclays PLC from $142.00 to $137.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – Exxon Mobil had its price target lowered by analysts at Truist Financial Co. from $121.00 to $117.00. They now have a “hold” rating on the stock.
• 9/27/2024 – Exxon Mobil had its price target raised by analysts at Wells Fargo & Company from $135.00 to $136.00. They now have an “overweight” rating on the stock.
• 9/24/2024 – Exxon Mobil had its “neutral” rating reaffirmed by analysts at Redburn Atlantic. They now have a $120.00 price target on the stock, up previously from $119.00.
• 9/18/2024 – Exxon Mobil had its price target lowered by analysts at UBS Group AG from $157.00 to $149.00. They now have a “buy” rating on the stock.
• 9/16/2024 – Exxon Mobil had its price target lowered by analysts at Morgan Stanley from $145.00 to $142.00. They now have an “overweight” rating on the stock.
• 9/16/2024 – Exxon Mobil had its price target raised by analysts at Mizuho from $128.00 to $130.00. They now have a “neutral” rating on the stock.

Exxon Mobil Trading Down 0.9 %

Shares of Exxon Mobil stock traded down $1.07 during mid-day trading on Wednesday, hitting $119.63. The stock had a trading volume of 2,037,558 shares, compared to its average volume of 16,471,475. The firm has a 50-day moving average of $117.47 and a two-hundred day moving average of $116.47. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market cap of $471.70 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently made changes to their positions in XOM. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.