ExxonMobil (NYSE:XOM) Price Target Lowered to $155.00 at TD Cowen

ExxonMobil (NYSE:XOM) had its target price lowered by analysts at TD Cowen from $172.00 to $155.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price target suggests a potential upside of 12.93% from the stock’s previous close.

XOM has been the subject of a number of other reports. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Citigroup boosted their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. UBS Group increased their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Morgan Stanley dropped their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.70.

ExxonMobil Trading Up 0.7%

Shares of NYSE:XOM traded up $0.98 during mid-day trading on Thursday, reaching $137.26. 4,056,963 shares of the company’s stock were exchanged, compared to its average volume of 20,332,480. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil has a twelve month low of $105.53 and a twelve month high of $176.41. The firm has a market capitalization of $568.92 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 0.58 and a beta of 0.17. The business’s fifty day moving average price is $147.85 and its 200-day moving average price is $144.52.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. On average, research analysts predict that ExxonMobil will post 11.9 EPS for the current fiscal year.

Hedge Funds Weigh In On ExxonMobil

Institutional investors have recently made changes to their positions in the stock. Confluence Investment Management LLC boosted its position in shares of ExxonMobil by 4.9% during the 2nd quarter. Confluence Investment Management LLC now owns 9,784 shares of the oil and gas company’s stock worth $1,338,000 after purchasing an additional 453 shares in the last quarter. Miller Global Investments LLC increased its position in ExxonMobil by 9.0% in the 2nd quarter. Miller Global Investments LLC now owns 6,332 shares of the oil and gas company’s stock valued at $866,000 after buying an additional 523 shares in the last quarter. First Financial Bank Trust Division raised its stake in ExxonMobil by 1.7% during the 2nd quarter. First Financial Bank Trust Division now owns 62,776 shares of the oil and gas company’s stock worth $8,583,000 after buying an additional 1,038 shares during the period. Adelphi Trust Co boosted its holdings in ExxonMobil by 7.7% in the second quarter. Adelphi Trust Co now owns 17,544 shares of the oil and gas company’s stock worth $2,399,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Eastern Bank boosted its holdings in ExxonMobil by 3.4% in the second quarter. Eastern Bank now owns 718,188 shares of the oil and gas company’s stock worth $98,191,000 after acquiring an additional 23,948 shares in the last quarter. 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: ExxonMobil completed its redomiciliation and holding-company transition, moving from New Jersey to Texas while keeping the XOM ticker. The move is largely viewed as a shareholder-friendly corporate restructuring that could improve long-term flexibility and governance. ExxonMobil Completes Redomiciliation and Holding Company Transition
• Positive Sentiment: Analysts at Erste Group Bank raised earnings estimates for ExxonMobil for FY2026 and FY2027, signaling continued confidence in the company’s profitability outlook. ExxonMobil earnings estimate updates
• Positive Sentiment: ExxonMobil advanced its Cyprus gas export plan with QatarEnergy, which could support future production growth and international project optionality. ExxonMobil (XOM) Advances Cyprus Gas Export Plan With QatarEnergy
• Positive Sentiment: Technical traders noted that XOM has pulled back toward its 200-day moving average, a level some see as potential support for a rebound. Signal: Exxon Mobil Stock Could Soon Bounce Off Support
• Positive Sentiment: Commentary highlighted ExxonMobil as a dependable dividend stock with a long history of annual payout increases, reinforcing its appeal to income-focused investors. This 3% Yielding Energy Stock Has Hiked Its Dividend for 43 Straight Years
• Neutral Sentiment: Several articles were broadly favorable or mixed on ExxonMobil’s longer-term setup, but did not introduce major new catalysts beyond analyst commentary and sector context. Exxon Mobil: Limited Downside Risk, But Don’t Expect Much In The Near-Term
• Negative Sentiment: Energy stocks broadly declined midweek, and weaker oil prices have pressured ExxonMobil and other integrated producers by raising concerns about near-term margins and earnings power. Sector Update: Energy Stocks Decline Wednesday Afternoon
• Negative Sentiment: Coverage noting oil near a four-month low suggests a tougher commodity backdrop for ExxonMobil, since lower crude prices can weigh on upstream profits. Oil’s 4-month low hands Exxon, Chevron a fresh problem

ExxonMobil Company Profile

ExxonMobil 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.