Wells Fargo has initiated coverage on Exxon Mobil Corp (XOM) with an Overweight rating, marking its first assessment of the company's investment potential. The action, taken on October 16, 2025, reflects the firm's evaluation of Exxon Mobil's business, industry dynamics, and growth prospects.
Exxon Mobil, headquartered in Spring, Texas, operates in the energy sector, focusing on the exploration, development, and distribution of oil, gas, and petroleum products. The company employs 61,000 full-time staff and is involved in various activities, including the production of crude oil and natural gas, and the sale of petrochemicals and specialty products.
As of now, Exxon Mobil's stock is priced at $119.78. The company boasts a market capitalization of $482.9 billion, a P/E ratio of 16.12, and an impressive dividend yield of 345.2%. Upcoming earnings are anticipated on July 29, 2026, with an estimated EPS of $1.99 and revenue of $84.8 billion.
Analyst ratings provide insights based on research and financial models, but they should not be the sole basis for investment decisions. Factors such as company fundamentals and industry trends should also be considered. Notably, analyst ratings can change as new information emerges, highlighting the importance of a comprehensive approach to investment choices.