ExxonMobil (NYSE:XOM) Given New $169.00 Price Target at The Goldman Sachs Group

ExxonMobil (NYSE:XOM) had its price target increased by The Goldman Sachs Group from $168.00 to $169.00 in a research note issued on Tuesday. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 4.30% from the company’s previous close.

Other analysts have also recently issued reports about the company. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. UBS Group reissued a “buy” rating on shares of ExxonMobil in a research report on Tuesday, September 8th. Wells Fargo & Company restated an “overweight” rating and issued a $182.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and raised their target price for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, Barclays dropped their price target on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Eleven investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $169.27.

ExxonMobil Trading Up 0.5%

Shares of NYSE:XOM traded up $0.81 on Tuesday, hitting $162.04. The company had a trading volume of 12,402,325 shares, compared to its average volume of 18,545,975. The firm’s 50-day simple moving average is $159.10 and its two-hundred day simple moving average is $153.45. The firm has a market capitalization of $671.64 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.97 and a beta of 0.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil has a 1 year low of $110.39 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Equities analysts anticipate that ExxonMobil will post 11.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in ExxonMobil in the 4th quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp increased its holdings in shares of ExxonMobil by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after purchasing an additional 531,362 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after purchasing an additional 1,540,902 shares in the last quarter. Amundi raised its stake 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 worth $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. Finally, GQG Partners LLC raised its stake in shares of ExxonMobil by 153.3% in 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 last quarter. Institutional investors own 61.80% of the company’s stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Record production and revenue support the outlook. ExxonMobil reportedly delivered record oil output and revenue while keeping capital spending lower. Higher production from high-return assets, including the Permian Basin, and technology-driven efficiency gains could support margins and cash flow. ExxonMobil Delivers Record Oil Output And Revenue On Lower Spending
• Positive Sentiment: Balance-sheet strength provides downside protection. Zacks highlighted ExxonMobil’s debt-to-capitalization ratio of 13.73%, indicating financial flexibility to withstand oil-price volatility while funding operations, investments and shareholder distributions. How ExxonMobil’s Balance Sheet Helps Navigate Oil Volatility
• Positive Sentiment: Cash generation may support both growth and dividends. Coverage points to strong operating cash flow, including $23.6 billion cited in a dividend comparison, allowing ExxonMobil to invest for growth while continuing shareholder returns and pursuing its 2030 earnings and cash-flow targets. Caterpillar or Exxon: Which Dividend Has More Room to Grow? Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
• Positive Sentiment: Momentum and investor attention are favorable. Zacks characterized XOM as a strong momentum stock, while separate coverage noted unusually heavy investor searches. These signals can attract additional trading interest, though they do not change the company’s fundamentals. Why ExxonMobil Is a Strong Momentum Stock
• Neutral Sentiment: Geopolitical upside remains uncertain. A potential disruption at the Strait of Hormuz could lift crude prices and benefit large producers such as ExxonMobil, but falling oil prices despite the risk show that the market has not fully priced in this scenario. If Hormuz Stays Shut, How High Can Exxon Go?
• Negative Sentiment: Former shale executive alleges ExxonMobil failed to honor a promise. Scott Sheffield claims CEO Darren Woods “betrayed” him by not supporting him in a Federal Trade Commission dispute connected with a reported $60 billion deal. The allegation could create reputational or regulatory concerns, although the report does not establish financial liability. Shale Tycoon Claims Exxon CEO Betrayed Him in $60 Billion Deal

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.