Bank of America Issues Positive Forecast for Exxon Mobil (NYSE:XOM) Stock Price

Exxon Mobil (NYSE:XOM) had its price target lifted by Bank of America from $129.00 to $135.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research report on Monday, December 8th. Morgan Stanley lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Barclays boosted their target price on Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, Piper Sandler decreased their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.74.

Exxon Mobil Trading Up 0.6%

Shares of NYSE XOM opened at $137.70 on Wednesday. The business has a 50 day simple moving average of $121.84 and a 200 day simple moving average of $115.74. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $138.01. The stock has a market cap of $580.69 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 8.92 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $83.33 billion during the quarter, compared to analysts’ expectations of $83.09 billion. During the same period in the previous year, the company earned $1.92 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.0%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently bought and sold shares of XOM. Eagle Capital Management LLC grew its position in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $305,000. Sivia Capital Partners LLC grew its holdings in shares of Exxon Mobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares in the last quarter. Clean Yield Group increased its position in shares of Exxon Mobil by 3.1% during the second quarter. Clean Yield Group now owns 4,043 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 122 shares during the period. Finally, First County Bank CT raised its stake in shares of Exxon Mobil by 1.7% in the second quarter. First County Bank CT now owns 33,889 shares of the oil and gas company’s stock valued at $3,653,000 after purchasing an additional 580 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Exxon and BYD deepen hybrid EV collaboration — a new MoU expands joint R&D, standards work and supply‑chain support, reinforcing XOM’s position in low‑carbon fuel/lubricant and hybrid tech markets (partnership seen as strategic for long‑term demand diversification). BYD & ExxonMobil Boost Cooperation in Hybrid EV Innovation
• Positive Sentiment: Reuters also reports the BYD tie‑up — broader confirmation from major media increases credibility and investor interest in the strategic partnership. China’s BYD, Exxon Mobil to deepen hybrid technology partnership
• Positive Sentiment: Exxon advancing carbon capture and low‑carbon initiatives — plans to expand CCS projects along the U.S. Gulf Coast (Texas, Louisiana) and evaluate a low‑carbon data center could support longer‑term emissions targets and access to decarbonization markets. Here’s How XOM Is Using CCS to Cut Emissions & Power Data-Driven World
• Positive Sentiment: UBS reiterates a buy rating — continued buy support from a major bank lends credibility to the bullish case and may underpin upside sentiment. UBS Sticks to Their Buy Rating for Exxon Mobil (XOM)
• Neutral Sentiment: Analyst previews and bullish writeups highlight valuation and dividend support but flag cyclical risks — several pieces argue for a solid long‑term case while noting near‑term exposure to oil price swings. Exxon: Oil Is Everywhere, Energy Isn’t (Earnings Preview)
• Neutral Sentiment: Market expectations ahead of Q4 earnings are mixed — Zacks pieces note refining strength may offset softer upstream results if crude prices remain subdued; Q4 results are a near‑term catalyst. ExxonMobil’s Q4 Earnings on Deck: Should You Stay Invested or Exit?
• Neutral Sentiment: Exploration work: seismic survey offshore Trinidad signals ongoing growth/production optionality, but value will depend on results and timelines. Exxon Advances Trinidad Deepwater Plans as Exploration Work Takes Shape
• Negative Sentiment: Bank of America raised its price target but maintained a neutral rating — the new $135 target sits slightly below current levels, which could cap near‑term upside if other analysts echo a cautious stance. BofA price target update (coverage)

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.