Exxon Mobil (XOM) Stock Forecast & Price Target

$117.98 -1.99 (-1.66%)

(As of 11/26/2024 ET)

Exxon Mobil - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
1

Hold
8

Buy
11

Based on 20 Wall Street analysts who have issued ratings for Exxon Mobil in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 1 has given a sell rating, 8 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for XOM.

Consensus Price Target

$129.95
10.14% Upside

According to the 20 analysts' twelve-month price targets for Exxon Mobil, the average price target is $129.95. The highest price target for XOM is $149.00, while the lowest price target for XOM is $105.00. The average price target represents a forecasted upside of 10.14% from the current price of $117.98.

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XOM Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	13 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$129.95	$131.44	$134.56	$130.26
Forecasted Upside	10.14% Upside	10.00% Upside	15.51% Upside	25.30% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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XOM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

XOM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Exxon Mobil Stock vs. The Competition

Type	Exxon Mobil	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.55	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.54% Upside	1,546.28% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent XOM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/26/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$120.00 ➝ $115.00	-3.18%
11/19/2024	TD Cowen 4 of 5 stars		Boost Target	Buy ➝ Buy	$127.00 ➝ $132.00	+9.70%
10/31/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target		$127.00 ➝ $128.00	+9.07%
10/31/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$142.00 ➝ $140.00	+19.29%
10/31/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$137.00 ➝ $138.00	+17.59%
10/31/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$118.00 ➝ $120.00	+2.31%
Get the Latest News and Ratings for XOM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Exxon Mobil and its competitors with MarketBeat's FREE daily newsletter.
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$124.00	+2.76%
10/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Cheng Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform	$129.00 ➝ $145.00	+18.76%
10/9/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Herrmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underperform	$105.00	-13.98%
10/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$127.00 ➝ $130.00	+4.02%
10/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$142.00 ➝ $137.00	+12.35%
9/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Dingmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$121.00 ➝ $117.00	+0.48%
9/27/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$135.00 ➝ $136.00	+18.20%
9/24/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Low Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$119.00 ➝ $120.00	+2.24%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$157.00 ➝ $149.00	+30.70%
9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$128.00 ➝ $130.00	+15.48%
8/5/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$139.00 ➝ $138.00	+17.49%
4/30/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$111.00 ➝ $120.00	+0.87%
4/18/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$130.00 ➝ $145.00	+22.01%
12/22/2023	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
10/12/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $145.00	+35.16%
8/31/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$100.00 ➝ $105.00	-5.32%
2/2/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$128.00 ➝ $133.00	+16.42%
2/2/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$128.00 ➝ $133.00	+15.91%
2/2/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$108.00 ➝ $113.00	-1.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:22 PM ET.

Should I Buy Exxon Mobil Stock? XOM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Exxon Mobil pros and cons to contact@marketbeat.com.

Exxon Mobil
Bull Case

Here are some ways that investors could benefit from investing in Exxon Mobil:

Exxon Mobil recently reported earnings per share (EPS) of $1.92, slightly exceeding analysts' expectations of $1.91, indicating strong financial performance.
The company has increased its quarterly dividend to $0.99, reflecting a commitment to returning value to shareholders. This results in an annualized dividend of $3.96, providing a yield of approximately 3.24%.
With a current stock price of $122.48, Exxon Mobil is positioned well within its 12-month trading range, which has seen a low of $95.77 and a high of $126.34, suggesting potential for growth.
Analysts have a consensus rating of "Moderate Buy" for Exxon Mobil, with a price target averaging $130.21, indicating optimism about the stock's future performance.
The company maintains a solid return on equity of 14.73%, which demonstrates effective management and profitability relative to shareholder equity.

Exxon Mobil
Bear Case

Investors should be bearish about investing in Exxon Mobil for these reasons:

Exxon Mobil's revenue for the latest quarter was $90.02 billion, which fell short of the consensus estimate of $93.98 billion, indicating potential challenges in meeting market expectations.
The company's revenue has decreased by 0.8% year-over-year, suggesting a decline in sales performance that could impact future growth.
Despite a strong dividend payout ratio of 49.32%, any future increases in dividends may be constrained by fluctuating oil prices and market conditions.
Exxon Mobil has a price-to-earnings (PE) ratio of 15.15, which, while reasonable, may indicate that the stock is not undervalued compared to its peers in the energy sector.
The stock has a beta of 0.90, suggesting it is less volatile than the market, which may limit potential high returns during bullish market conditions.

XOM Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Exxon Mobil is $129.95, with a high forecast of $149.00 and a low forecast of $105.00.
: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Exxon Mobil in the last twelve months. There is currently 1 sell rating, 8 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" XOM shares.
: According to analysts, Exxon Mobil's stock has a predicted upside of 10.14% based on their 12-month stock forecasts.
: Over the previous 90 days, Exxon Mobil's stock had 1 upgrade and 1 downgrade by analysts.
: Exxon Mobil has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BNP Paribas, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Redburn Atlantic, Royal Bank of Canada, Scotiabank, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Exxon Mobil less than other "oils/energy" companies. The consensus rating score for Exxon Mobil is 2.55 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how XOM compares to other companies.

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This page (NYSE:XOM) was last updated on 11/26/2024 by MarketBeat.com Staff

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Exxon Mobil (XOM) Stock Forecast & Price Target