ExxonMobil (NYSE:XOM) Given New $162.00 Price Target at Freedom Broker

ExxonMobil (NYSE:XOM) had its target price lifted by Freedom Broker from $142.00 to $162.00 in a research note published on Friday morning,Benzinga reports. Freedom Broker currently has a hold rating on the oil and gas company’s stock.

Several other equities research analysts have also recently weighed in on XOM. BMO Capital Markets boosted their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $178.00 price objective on shares of ExxonMobil in a research report on Tuesday, October 20th. Citigroup lifted their price objective on shares of ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday. BNP Paribas Exane reduced their target price on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, July 17th. Finally, Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their target price for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $170.38.

ExxonMobil Price Performance

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 12,226,232. The company has a market cap of $687.28 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. The business’s 50 day moving average price is $168.83 and its 200 day moving average price is $155.41. 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 has a 1 year low of $114.19 and a 1 year high of $188.50.

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

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is presently 42.34%.

Institutional Investors Weigh In On ExxonMobil

Institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in ExxonMobil by 1.5% in 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 purchasing an additional 465,409 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ExxonMobil by 5.7% during 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 buying an additional 1,540,902 shares during the last quarter. Amundi raised its holdings 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 buying an additional 1,192,386 shares during the period. GQG Partners LLC raised its holdings 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 buying an additional 10,214,420 shares during the period. Finally, Swiss National Bank raised its holdings in shares of ExxonMobil by 5.9% in 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 buying an additional 693,800 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil News Summary

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.