ExxonMobil (NYSE:XOM) Stock Price Expected to Rise, Freedom Broker Analyst Says

ExxonMobil (NYSE:XOM) had its price objective boosted by investment analysts at Freedom Broker from $142.00 to $162.00 in a report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the oil and gas company’s stock. Freedom Broker‘s target price points to a potential downside of 2.30% from the stock’s previous close.

Several other brokerages also recently commented on XOM. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Jefferies Financial Group boosted their target price on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, August 17th. UBS Group increased their price target on ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a report on Monday. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Finally, Morgan Stanley increased their target price on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.38.

ExxonMobil Trading Up 0.3%

Shares of NYSE:XOM traded up $0.51 during mid-day trading on Friday, reaching $165.81. The stock had a trading volume of 15,867,839 shares, compared to its average volume of 17,720,242. The firm has a 50 day simple moving average of $168.83 and a two-hundred day simple moving average of $155.41. ExxonMobil has a twelve month low of $114.19 and a twelve month high of $188.50. The firm has a market cap of $676.38 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $104.89 billion. During the same period last year, the firm posted $1.88 earnings per share. On average, research analysts predict that ExxonMobil will post 13.54 EPS for the current fiscal year.

Institutional Investors Weigh In On ExxonMobil

Several large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its position in ExxonMobil by 1.5% during the third quarter. Fisher Asset Management LLC now owns 31,933,523 shares of the oil and gas company’s stock worth $5,197,181,000 after acquiring an additional 465,409 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of ExxonMobil by 5.7% in 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 purchasing an additional 1,540,902 shares during the last quarter. Amundi grew its position in shares of ExxonMobil by 5.1% in 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 purchasing an additional 1,192,386 shares during the last quarter. GQG Partners LLC increased its stake in shares of ExxonMobil by 153.3% during 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 purchasing an additional 10,214,420 shares during the period. Finally, Swiss National Bank increased its stake in shares of ExxonMobil by 5.9% during the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after purchasing an additional 693,800 shares during the period. 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: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

About ExxonMobil

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.