Exxon Mobil (NYSE:XOM) Price Target Raised to $175.00 at Citigroup

Exxon Mobil (NYSE:XOM) had its target price hoisted by Citigroup from $150.00 to $175.00 in a research note issued to investors on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the oil and gas company’s stock.

Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Bank of America raised their price target on shares of Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Finally, Scotiabank raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $152.39.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $160.63 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market capitalization of $669.31 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 1.11 and a beta of 0.29. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $176.41. The company’s 50-day moving average is $152.01 and its 200 day moving average is $129.50.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. Research analysts forecast that Exxon Mobil will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 11,460 shares of company stock valued at $1,687,854 in the last ninety days. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors have recently bought and sold shares of the business. ICW Investment Advisors LLC lifted its position in shares of Exxon Mobil by 0.3% during the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after buying an additional 69 shares during the last quarter. Fortis Capital Management LLC lifted its position in Exxon Mobil by 2.0% during the fourth quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock valued at $434,000 after acquiring an additional 70 shares during the last quarter. Peoples Bank OH lifted its position in Exxon Mobil by 0.5% during the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after acquiring an additional 71 shares during the last quarter. Paulson Wealth Management Inc. boosted its stake in Exxon Mobil by 1.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after acquiring an additional 72 shares in the last quarter. Finally, Peirce Capital Management LLC grew its holdings in Exxon Mobil by 1.7% in the fourth quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock worth $516,000 after purchasing an additional 72 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Exxon Mobil News

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

• Positive Sentiment: Citi raised its XOM price target to $175 (from $150), citing a renewed structural interest in oil names amid tight markets; that upgrade helped underpin investor enthusiasm even though the firm kept a “neutral” rating. Citi Boosts Exxon Mobil (XOM) Price Target by 17% Amid Middle East Tensions
• Positive Sentiment: Energy-sector rally driven by higher oil and geopolitical risk boosted large integrateds like Exxon; sector headlines (including jumps in LNG and project names) lifted sentiment across peers. Venture Global Jumps as Oil Rally Ignites Energy Stocks
• Positive Sentiment: Commercial progress on Exxon’s LNG footprint: Reuters reports Italy will begin receiving LNG from the Golden Pass (QatarEnergy–Exxon JV) in June, which supports medium‑term LNG volumes and revenue diversification. Italy to get LNG from QatarEnergy-Exxon’s US Golden Pass from June, sources say
• Neutral Sentiment: Broader market fundamentals remain constructive: FactSet notes S&P 500 earnings growth staying strong, which supports risk appetite into cyclicals — a tailwind for energy in a bull market, but not specific to Exxon’s near-term price action. What Oil Shock? S&P 500 Estimates Keep Rising. These Stocks’ Views Rise Most.
• Negative Sentiment: Volatility tied to Iran/conflict headlines is a two‑way risk: signs of de‑escalation have triggered quick oil drops and a rapid unwind in energy longs, producing steep intra‑day declines for Exxon in recent sessions. Exxon Mobil slides as crude prices retreat on renewed Iran ceasefire optimism
• Negative Sentiment: Analyst sentiment is mixed — some trims to ratings and notes that the rally may be “stretched” mean downside risk if oil retraces materially; investors should watch oil, shipping/Strait of Hormuz headlines and positioning. Market summary and analyst notes on XOM

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.