ExxonMobil Corporation (NYSE:XOM) Stock Rated “Hold” by Wall Street Analysts

ExxonMobil Corporation (NYSE:XOM) has been assigned an average rating of “Hold” from the twenty-seven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $170.79.

Several equities research analysts have recently commented on XOM shares. Jefferies Financial Group upped their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. Argus lifted their target price on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. HSBC reissued a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a report on Friday, September 25th. Finally, Piper Sandler upped their price target on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd.

ExxonMobil Stock Up 0.5%

Shares of XOM stock opened at $170.56 on Friday. ExxonMobil has a 12 month low of $114.19 and a 12 month high of $188.50. The stock has a market cap of $695.77 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.84 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. The company has a 50 day simple moving average of $169.38 and a two-hundred day simple moving average of $156.22.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same quarter last year, the company posted $1.88 EPS. On average, research analysts expect that ExxonMobil will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a dividend of $1.07 per share. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.5%. ExxonMobil’s dividend payout ratio is presently 43.99%.

Latest ExxonMobil News

These are some of the XOM news items that stood out recently:

• Positive Sentiment: Barclays raised its price target to $206 from $200 and maintained an Overweight rating, signaling continued analyst optimism. Article: What’s Going On With ExxonMobil Stock Friday?
• Positive Sentiment: ExxonMobil approved the $12.5 billion Longtail development offshore Guyana. The project is expected to add future production capacity, supporting longer-term growth, although production is not expected until 2030. Article: ExxonMobil Advances Next Phase of Guyana Development with Longtail
• Positive Sentiment: Shareholder returns remain robust: ExxonMobil raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase, and plans $20 billion in buybacks in 2027. The company generated more than $39 billion in free cash flow through September. Article: ExxonMobil dividend and buyback plans

Institutional Investors Weigh In On ExxonMobil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. NBT Bank N.A. bought a new position in shares of ExxonMobil in the third quarter worth approximately $26,000. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the second quarter worth $27,000. Atlantic Private Wealth LLC raised its position in shares of ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares during the period. Pioneer Family Office LLC bought a new stake in shares of ExxonMobil during the 3rd quarter valued at $42,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of ExxonMobil by 53.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 113 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.