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Investing.com - Melius Research initiated coverage on ExxonMobil (NYSE:XOM) with a Hold rating and a price target of $111.00 on Wednesday, joining a broader analyst consensus that sees potential upside in the stock. According to InvestingPro data, analyst targets range from $95 to $145.
The research firm’s coverage begins as ExxonMobil maintains its position as the largest U.S.-based oil company with significant operations across multiple energy sectors. With a market capitalization of $457 billion and an impressive track record of raising dividends for 42 consecutive years, the company offers a current dividend yield of 3.69%.
Melius highlighted ExxonMobil’s extensive expertise in North American shale activity, deepwater operations, chemicals, and its growing focus on low-carbon solutions.
The firm specifically noted the oil giant’s integration across divisions, technological strength and identity, and disciplined approach to capital deployment as key distinguishing factors.
The $111.00 price target reflects Melius’s assessment of ExxonMobil’s current market position and growth potential within the energy sector.
In other recent news, ExxonMobil has commenced production at its fourth oil project in Guyana, known as Yellowtail, which is part of the Stabroek block. This development increases the country’s total installed capacity to over 900,000 barrels of oil per day, with Yellowtail boasting an initial annual average production capacity of 250,000 barrels per day. In Trinidad and Tobago, ExxonMobil may invest up to $21.7 billion if reserves are discovered in the deepwater area the company plans to explore. Meanwhile, Morgan Stanley (NYSE:MS) has raised its price target for ExxonMobil to $135, maintaining an Overweight rating due to strong second-quarter earnings per share results that exceeded consensus estimates. HSBC also adjusted its price target to $120, retaining a Hold rating after reviewing ExxonMobil’s second-quarter 2025 results. Additionally, Goldman Sachs has reiterated its Neutral rating with a price target of $117, amid broader economic concerns impacting various sectors. These developments highlight ExxonMobil’s ongoing strategic initiatives and the attention it continues to receive from major financial institutions.
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