ExxonMobil (NYSE:XOM) Price Target Raised to $185.00

Posted by Francis Steltz on Oct 18th, 2026

ExxonMobil (NYSE:XOM – Free Report) had its price objective raised by Morgan Stanley from $177.00 to $185.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

A number of other equities research analysts have also commented on the stock. TD Cowen increased their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Barclays lowered their price objective on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. The Goldman Sachs Group boosted their target price on shares of ExxonMobil from $168.00 to $169.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 22nd. Argus boosted their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, Mizuho reduced their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $165.13.

View Our Latest Report on XOM

ExxonMobil Trading Up 2.5%

XOM stock opened at $179.03 on Thursday. The business has a fifty day moving average price of $163.85 and a 200 day moving average price of $154.59. ExxonMobil has a fifty-two week low of $111.18 and a fifty-two week high of $179.16. The stock has a market capitalization of $742.05 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.04 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

ExxonMobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. Analysts expect that ExxonMobil will post 12.52 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.

Hedge Funds Weigh In On ExxonMobil

Several hedge funds have recently added to or reduced their stakes in the company. Aventus Investment Advisors Inc. acquired a new position in ExxonMobil in the second quarter valued at approximately $27,000. Portus Wealth Advisors LLC bought a new position in ExxonMobil in the first quarter valued at approximately $36,000. Hyposwiss Advisors SA bought a new position in ExxonMobil in the fourth quarter valued at approximately $37,000. Atlantic Private Wealth LLC grew its holdings in ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the period. Finally, Sankala Group LLC acquired a new stake in ExxonMobil during the 4th quarter worth $46,000. Institutional investors own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Refining margins are providing a major earnings boost. ExxonMobil expects higher refining margins to increase third-quarter Energy Products earnings by approximately $4.5 billion compared with the second quarter. Strong refining performance more than offset weakness in other segments, highlighting the benefit of ExxonMobil’s integrated operations. ExxonMobil’s Refining Profits Are Set to Jump $4.5 Billion
Positive Sentiment: Growth projects continue to improve ExxonMobil’s long-term outlook. Production milestones in Guyana and the Permian Basin are moving key projects toward free-cash-flow generation. Guyana’s expanding production and additional offshore capacity could support future earnings and capital recovery. Production Milestones Could Be a Key Catalyst
Positive Sentiment: Financial flexibility supports investor confidence. ExxonMobil’s low debt load and strong balance sheet provide protection against oil-price volatility and support capital investment, acquisitions and shareholder returns. Morgan Stanley also raised its price target from $177 to $185 and maintained an “overweight” rating. ExxonMobil’s Strong Balance Sheet Offers Cushion
Neutral Sentiment: Investors are awaiting confirmed quarterly results. ExxonMobil will release its third-quarter 2026 results on October 30. Management’s report will clarify how much of the preliminary refining gain flowed through to total earnings and cash flow. ExxonMobil to Release Third Quarter 2026 Financial Results
Negative Sentiment: Upstream conditions remain a headwind. Changes in oil prices are expected to reduce upstream earnings, with reports indicating a potential roughly $1.3 billion impact. Consequently, the overall third-quarter result may be lower even with the refining improvement. ExxonMobil Signals Lower Third-Quarter Earnings

ExxonMobil Company Profile

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Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.