ExxonMobil (NYSE:XOM) Stock Rating Cut to “Equal Weight” at Wells Fargo & Company

ExxonMobil (NYSE:XOM) was downgraded by research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, MarketBeat.com reports. They currently have a $182.00 target price on the oil and gas company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.22% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. UBS Group set a $172.00 target price on shares of ExxonMobil in a report on Friday, September 25th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. BNP Paribas Exane cut their target price on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Jefferies Financial Group upped their price target on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Eleven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Hold” and an average price target of $164.78.

ExxonMobil Trading Down 0.1%

Shares of ExxonMobil stock opened at $163.65 on Wednesday. The stock has a market capitalization of $678.30 billion, a P/E ratio of 21.08, a P/E/G ratio of 0.96 and a beta of 0.21. ExxonMobil has a 52-week low of $110.39 and a 52-week high of $176.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock’s 50-day simple moving average is $160.47 and its 200 day simple moving average is $153.89.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, research analysts anticipate that ExxonMobil will post 12.4 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Avant Capital LLC increased its position in ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after buying an additional 65 shares in the last quarter. Impact Partnership Wealth LLC lifted its position in shares of ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after acquiring an additional 67 shares in the last quarter. Cardinal Strategic Wealth Guidance boosted its stake in shares of ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after acquiring an additional 68 shares during the last quarter. Core Wealth Advisors Inc. boosted its stake in shares of ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after acquiring an additional 68 shares during the last quarter. Finally, Swisher Financial Concepts Inc. increased its position in ExxonMobil by 0.3% during the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other 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: Higher oil prices support upstream earnings. Brent crude moved back above $100 per barrel amid rising Middle East tensions and China’s fuel-export restrictions. Sustained elevated prices could increase cash flow from ExxonMobil’s production operations, particularly its low-cost Guyana and Permian Basin assets. Brent Oil Is Back Above $100
• Positive Sentiment: ExxonMobil returned $9.4 billion to shareholders last quarter through dividends and share repurchases. The capital-return commitment may support total returns and reinforce the company’s appeal to income-focused investors. ExxonMobil Returned $9.4 Billion to Shareholders
• Positive Sentiment: Analysts highlighted ExxonMobil’s low-cost upstream portfolio, production growth and cost reductions as factors that could support long-term earnings and free cash flow. ExxonMobil’s Advantageous Upstream Assets
• Neutral Sentiment: Potential crude-supply agreements with Vietnam could expand ExxonMobil’s regional crude, LNG and LPG opportunities, but the financial impact and timing remain uncertain. Chevron and ExxonMobil Potential Crude Supply Deals
• Negative Sentiment: Wells Fargo downgraded XOM from “strong buy” to “hold.” Although its $182 price target implies potential upside, the rating change signals reduced near-term conviction and may weigh on the stock. Wells Fargo ExxonMobil Rating
• Negative Sentiment: ExxonMobil has lagged independent refiners, which have benefited more directly from stronger fuel margins. This underscores the risk that refining-market gains may not translate evenly across the integrated business. Refiners Outrun Integrated Majors

About ExxonMobil

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.