ExxonMobil (NYSE:XOM) Stock Price Expected to Rise, Barclays Analyst Says

ExxonMobil (NYSE:XOM) had its target price hoisted by Barclays from $200.00 to $206.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price target points to a potential upside of 20.88% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Morgan Stanley raised their price target on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Citigroup boosted their price target on ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. BNP Paribas Exane decreased their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, July 17th. Finally, Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $170.79.

ExxonMobil Stock Performance

XOM stock traded up $0.63 during trading on Friday, hitting $170.41. The company had a trading volume of 1,751,766 shares, compared to its average volume of 17,568,830. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The firm has a market cap of $695.15 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. The firm has a 50-day moving average price of $169.21 and a 200-day moving average price of $156.06. ExxonMobil has a 1-year low of $114.19 and a 1-year high of $188.50.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The company had revenue of $110.50 billion during 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 period last year, the company posted $1.88 earnings per share. On average, analysts expect that ExxonMobil will post 13.34 earnings per share for the current year.

Institutional Investors Weigh In On ExxonMobil

A number of large investors have recently made changes to their positions in XOM. Boston Trust Walden Corp acquired a new stake in shares of ExxonMobil during the 3rd quarter worth approximately $76,285,000. Assetmark Inc. increased its position in ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after acquiring an additional 37,666 shares in the last quarter. Charles Schwab Trust Co boosted its position in ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after buying an additional 97,424 shares during the last quarter. CV Advisors LLC grew its position in shares of ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after buying an additional 6,478 shares during the period. Finally, Partners Wealth Management LLC bought a new position in shares of ExxonMobil in the 3rd quarter worth $3,317,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

These are some of the XOM headlines that stood out recently:

• Positive Sentiment: The company 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 article points to more than $39 billion in free cash flow through September as support for the shareholder payouts. ExxonMobil Raised Its Dividend for the 44th Straight Year and Plans $20 Billion of Buybacks in 2027
• Positive Sentiment: Recent reports said oil remained above $85 a barrel, with Brent nearing $96 in Thursday trading. Sustained high prices could benefit ExxonMobil’s upstream business, particularly its lower-cost Permian and Guyana assets. Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Negative Sentiment: Bernstein lowered its ExxonMobil price target from $193 to $186, while keeping an “outperform” rating. The cut signals more cautious near-term expectations, despite the remaining implied upside in the cited report. Analyst trims price targets, warns oil stocks may struggle to appreciate

ExxonMobil Company Profile

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.