What is the current Price Target and Forecast for Exxon Mobil (XOM) (2024)

(Real Time Quote from BATS)

$119.97 USD

119.97

16,337,483

-0.59 (-0.49%)

Updated Apr 23, 2024 09:38 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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CValue | CGrowth | AMomentum | BVGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 27% (67 out of 252)

Industry: Oil and Gas - Integrated - International

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Exxon Mobil (XOM) (2) Better trading starts here.

Exxon Mobil (XOM) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$130.06 $150.00 $110.00 7.88%

Price Target

Based on short-term price targets offered by 17 analysts, the average price target for Exxon Mobil comes to $130.06. The forecasts range from a low of $110.00 to a high of $150.00. The average price target represents an increase of 7.88% from the last closing price of $120.56.

Analyst Price Targets (17)

Last Close 120.56

Average 130.06 7.88% Upside Low 110.00 -8.76% Downside High 150.00 24.42% Upside

Broker Rating

Exxon Mobil currently has an average brokerage recommendation (ABR) of 1.90 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 20 brokerage firms. The current ABR compares to an ABR of 1.95 a month ago based on 19 recommendations.

Of the 20 recommendations deriving the current ABR, 11 are Strong Buy, representing 55% of all recommendations. A month ago, Strong Buy represented 52.63%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Exxon Mobil (XOM) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy1111101111
Buy00000
Hold99998
Sell00000
Strong Sell00000
ABR1.901.901.951.901.84

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
4/15/2024Not IdentifiedNot IdentifiedHoldHold
4/11/2024ScotiabankPaul Y ChengHoldHold
4/5/2024Truist SecuritiesNeal D DingmannStrong BuyStrong Buy
3/19/2024Mizuho SecuritiesUSA Nitin KumarHoldHold
3/14/2024Piper SandlerRyan M ToddStrong BuyStrong Buy
10/6/2023Not IdentifiedNot IdentifiedNot AvailableHold

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.90
ABR (Last week)1.90
# of Recs in ABR20
Average Target Price $130.06
LT Growth Rate3.00%
IndustryOil and Gas - Integrated - International
Industry Rank by ABR67 of 252
Current Quarter EPS Est: 2.19
What is the current Price Target and Forecast for Exxon Mobil (XOM) (2024)

FAQs

What is the current Price Target and Forecast for Exxon Mobil (XOM)? ›

The average price target for Exxon Mobil is $137.07. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $152.00 ,the lowest forecast is $120.00. The average price target represents 20.85% Increase from the current price of $113.42.

What is the price forecast for Exxon Mobil? ›

Based on short-term price targets offered by 16 analysts, the average price target for Exxon Mobil comes to $133.44. The forecasts range from a low of $116.00 to a high of $152.00. The average price target represents an increase of 13.17% from the last closing price of $117.91.

What is the target price for XOM in 2024? ›

Exxon Mobil Stock Price Forecast 2024-2025

The forecasted Exxon Mobil price at the end of 2024 is $131 - and the year to year change +31%. The rise from today to year-end: +15%. In the middle of 2024, we expect to see $115.

Will XOM split soon? ›

Will Exxon stock ever split? ExxonMobil last split its stock in 2001. As of mid-2023, the oil giant hadn't declared an upcoming stock split.

Does Exxon Mobil have a future? ›

ExxonMobil has been steadily executing a plan to significantly improve its earnings and cash flow. That strategy is starting to pay off, with the company making lots of money even in a weaker oil market. It expects even more earnings in the future as it continues delivering against its strategic goals.

Who is the largest shareholder of Exxon Mobil? ›

According to the latest TipRanks data, approximately 28.34% of the company's stock is held by institutional investors, 0.72% is held by insiders, and 51.88% is held by retail investors. Vanguard owns the most shares of Exxon Mobil (XOM).

Is Exxon increasing oil production? ›

Chevron (CVX)

Analysts had been projecting a 14% production increase for Chevron. Exxon Mobil reported plans for a less-than-2% production increase for average net production of about 3.8 million barrels of oil equivalent per day in 2024, vs. 3.74 million barrels of oil equivalent per day in 2023.

How high will Exxon Mobil go? ›

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Exxon Mobil stock have an average target of 134, with a low estimate of 110 and a high estimate of 152. The average target predicts an increase of 13.00% from the current stock price of 118.58.

What will Exxon stock be in 5 years? ›

quote is equal to 117.850 USD at 2024-05-21. Based on our forecasts, a long-term increase is expected, the "XOM" stock price prognosis for 2029-05-16 is 131.196 USD. With a 5-year investment, the revenue is expected to be around +11.32%. Your current $100 investment may be up to $111.32 in 2029.

How many years has XOM increased its dividend? ›

The next dividend payment is planned on June 10, 2024 . Exxon Mobil Corporation ( XOM ) has increased its dividends for 42 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.

What is the next Exxon dividend? ›

SummaryPrevious dividendNext dividend
TypeQuarterlyQuarterly
Per share95c95c
Declaration date02 Feb 2024 (Fri)26 Apr 2024 (Fri)
Ex-div date13 Feb 2024 (Tue)14 May 2024 (Tue)
2 more rows

Should I invest in oil right now? ›

With oil prices up so far in 2024, energy stocks regained some momentum in recent months. This is contrasts with 2023, when S&P 500 energy stocks produced a narrowly negative return, while the broad S&P 500 gained more than 26%. Investors appear to see greater value in energy holdings this year.

How many times has Exxon Mobil stock split? ›

Exxon Mobil stock (symbol: XOM) underwent a total of 5 stock splits. The most recent stock split occured on July 19th, 2001. One XOM share bought prior to July 26th, 1976 would equal to 32 XOM shares today.

Is ExxonMobil a good long-term stock? ›

XOM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 12.47; value investors should take notice. Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024.

Should you invest in ExxonMobil? ›

ExxonMobil has proven to be incredibly rewarding since the beginning of the year, gaining 21.7% year to date, surpassing the 13.5% rise of the composite stocks belonging to the Zacks Oil and Gas Integrated International industry.

What will Exxon stock price be in 2025? ›

Long-Term Exxon Mobil Stock Price Predictions
YearPredictionChange
2025$ 120.374.39%
2026$ 125.658.98%
2027$ 131.1813.77%
2028$ 136.9418.77%
2 more rows

What is the future for BP shares? ›

BP Stock 12 Month Forecast

Based on 11 Wall Street analysts offering 12 month price targets for BP p.l.c. in the last 3 months. The average price target is 639.00p with a high forecast of 1,000.00p and a low forecast of 510.00p. The average price target represents a 27.29% change from the last price of 502.00p.

What is the stock price prediction for Tesla in 2025? ›

Tesla Stock Prediction 2025

The Tesla stock prediction for 2025 is currently $ 226.45, assuming that Tesla shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 27.81% increase in the TSLA stock price.

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