- Exxon Mobil is in exclusive talks to sell its stake in Esso, its French subsidiary, to North Atlantic's French division.
- Analysts project a significant upside for Exxon Mobil stock, indicating strong investor interest.
- Despite the optimistic price targets, GuruFocus estimates suggest a potential downside based on GF Value calculations.
Exxon Mobil (XOM, Financial) is strategically moving forward with plans to divest its 82.9% ownership in Esso, a crucial component of its operations in France, transferring it to North Atlantic's French division. This proposed transaction encompasses significant assets, including the Gravenchon refinery. The deal is poised to close in the fourth quarter, with a valuation set at €149.19 per share before distributions.
Analysts' Projections and Recommendations
Exxon Mobil Corp (XOM, Financial) captures the attention of 24 analysts, who have put forth one-year price predictions. The consensus average target price is $122.20, with expectations ranging between a high of $140.00 and a low of $95.00. This average target price denotes a promising upside potential of 18.04% above the current trading price of $103.52. For those seeking a deeper dive into these estimates, more details are available on the Exxon Mobil Corp (XOM) Forecast page.
Further solidifying investor confidence, Exxon Mobil Corp (XOM, Financial) holds an average brokerage recommendation of 2.2, reflecting an "Outperform" status from 27 brokerage firms. To interpret this, it's important to note that this rating scale spans from 1 to 5, with 1 indicating a Strong Buy and 5 indicating a Sell.
GF Value Assessment
Conversely, according to GuruFocus estimates, the calculated GF Value for Exxon Mobil Corp (XOM, Financial) in the upcoming year stands at $94.96. When juxtaposed with the current market price of $103.52, this assessment suggests an anticipated downside of 8.27%. The GF Value reflects the fair value at which the stock is expected to trade and is derived from historical trading multiples, past business growth trajectories, and projected future performance metrics. Investors can access more comprehensive data on this evaluation on the Exxon Mobil Corp (XOM) Summary page.
