Exxon Mobil (NYSE:XOM) Reaches New 1-Year High After Analyst Upgrade

Exxon Mobil Corporation (NYSE:XOM) shares hit a new 52-week high during trading on Tuesday after Mizuho raised their price target on the stock from $140.00 to $162.00. Mizuho currently has a neutral rating on the stock. Exxon Mobil traded as high as $159.95 and last traded at $160.2490, with a volume of 4906405 shares changing hands. The stock had previously closed at $157.23.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Morgan Stanley cut their price target on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. TD Cowen upped their price objective on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company cut their target price on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $148.35.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil News Summary

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

• Positive Sentiment: Geopolitical risk lifted crude above $100/bbl, supporting energy names and Exxon’s revenue outlook in the near term — supply concerns around the Strait of Hormuz drove the rally. Oil jumps over 2% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping
• Positive Sentiment: Barclays reiterated a buy/overweight stance and raised its price target (boosting bullish analyst momentum), which supports further upside expectations. Barclays Sticks to Their Buy Rating for Exxon Mobil (XOM)
• Positive Sentiment: Multiple analyst upgrades and target increases have pushed XOM toward 52-week highs, reinforcing momentum and investor interest in the stock. Exxon Mobil stock climbs following dual analyst upgrades
• Neutral Sentiment: Mizuho raised its price target to $162 but kept a “neutral” rating — a modest positive for price target consensus but not a directional buy signal. Mizuho raises price target to $162
• Neutral Sentiment: Broad market leadership and S&P momentum have helped lift XOM alongside other energy stocks, meaning some of the move is market-driven rather than company-specific. The biggest things driving the S&P 500 higher despite $103 oil
• Neutral Sentiment: Coverage pieces highlighting Exxon’s role in the S&P 500 and dividend appeal reinforce long-term investor interest but are less likely to move the stock immediately. Exxon Mobil mapping its reach across the S&P 500
• Negative Sentiment: An insider sale: VP Darrin L. Talley sold 1,080 shares — a small disclosure but some investors watch insider selling for signal of near-term conviction. SEC filing for insider sale
• Negative Sentiment: A critical analyst note (downgrade/negative take) warned about Exxon potentially being a “latecomer” to some energy opportunities, which could caution momentum traders. Exxon Mobil: Avoid Being The Latecomer To The Energy Party (Downgrade)

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $7,625,063,000. First Trust Advisors LP lifted its holdings in Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after acquiring an additional 4,563,707 shares during the period. Cerity Partners LLC lifted its holdings in Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after acquiring an additional 4,015,099 shares during the period. Laurel Wealth Advisors LLC boosted its position in Exxon Mobil by 10,809.8% in the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Exxon Mobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

The stock has a market cap of $661.92 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.23 and a beta of 0.35. The business has a 50 day simple moving average of $143.38 and a 200-day simple moving average of $125.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.6%. Exxon Mobil’s payout ratio is currently 61.58%.

About Exxon Mobil

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.