Wells Fargo & Company Cuts Exxon Mobil (NYSE:XOM) Price Target to $156.00

Exxon Mobil (NYSE:XOM) had its price target reduced by Wells Fargo & Company from $158.00 to $156.00 in a research note published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the oil and gas company’s stock.

A number of other research firms have also commented on XOM. Mizuho increased their price target on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research note on Monday, December 8th. Piper Sandler decreased their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Monday, January 26th. Finally, Morgan Stanley reduced their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Hold” and an average target price of $140.59.

Exxon Mobil Stock Up 2.7%

XOM opened at $147.58 on Monday. The firm has a market cap of $622.37 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 15.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm’s 50-day simple moving average is $124.49 and its 200-day simple moving average is $116.81. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $147.84.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. Equities research analysts anticipate that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 11,000 shares of company stock valued at $1,406,570. 0.03% of the stock is currently owned by company insiders.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently modified their holdings of XOM. Norges Bank acquired a new stake in shares of Exxon Mobil during the second quarter worth $6,163,719,000. First Trust Advisors LP boosted its stake in Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC increased its holdings in Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Exxon Mobil by 10,809.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after purchasing an additional 3,066,736 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Exxon Mobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Evercore ISI reaffirmed its buy view on Exxon, reinforcing buy-side support and helping momentum into the trade. Evercore ISI Keeps Their Buy Rating on Exxon Mobil (XOM)
• Positive Sentiment: Analysts highlight Exxon’s record output and large buybacks as potential re-rating catalysts — the “bull case” story that could increase returns and justify higher multiples. The Bull Case For Exxon Mobil (XOM) Could Change Following Record Output And Massive Buybacks – Learn Why
• Positive Sentiment: TD Cowen raised its price target to $145 and kept a buy rating, adding another constructive analyst signal supporting further upside. TD Cowen Raise
• Positive Sentiment: Market commentary (CNBC’s “Final Trades”) and intraday flows showed buying interest — the stock rallied in recent sessions as investors leaned into the execution narrative. Exxon Mobil on CNBC’s ‘Final Trades’
• Neutral Sentiment: Wells Fargo trimmed its target slightly to $156 but kept an overweight rating — a modest tweak that is not a directional change to their thesis. Wells Fargo Lowers Price Target
• Neutral Sentiment: Exxon agreed a settlement related to an arbitration with Sintana Energy (reported as a ~$9m resolution) — likely immaterial to Exxon’s overall cash flow but removes a legal overhang. Sintana Energy Settlement
• Neutral Sentiment: Coverage pieces (Zacks, Seeking Alpha, Morningstar) are flagging XOM as a value/dividend play amid oil weakness, which drives trading interest but is not an immediate catalyst. Zacks Trending Stock
• Negative Sentiment: BNP Paribas Exane downgraded XOM to “underperform” with a $125 target — a more bearish call that could cap upside if other shops follow. BNP Paribas Downgrade
• Negative Sentiment: Insider sale: VP Darrin Talley sold 5,000 shares (SEC Form 4 filing) — a small-management liquidity event some investors may view as mildly negative. Insider Sale Filing

Exxon Mobil Company Profile

Exxon Mobil 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.