ExxonMobil (NYSE:XOM) Trading Up 1.9% – Still a Buy?

ExxonMobil Corporation (NYSE:XOM)’s stock price traded up 1.9% during mid-day trading on Wednesday . The stock traded as high as $154.80 and last traded at $154.5180. Approximately 13,635,277 shares traded hands during trading, a decline of 31% from the average daily volume of 19,879,863 shares. The stock had previously closed at $151.71.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Rising oil prices and geopolitical risk in the Middle East are improving the outlook for ExxonMobil’s upstream earnings and cash flow. Oil Prices Hit $95 a Barrel as Rubio Says Iran ‘Not Serious’ About Talks
• Positive Sentiment: Investors are buying ahead of ExxonMobil’s Q2 earnings release, with Wall Street expecting strong results including triple-digit bottom-line growth and EPS around $3.76 on revenue near $101 billion. ExxonMobil (XOM) Stock Approaches Key Resistance Ahead of Q2 Earnings Release
• Positive Sentiment: The stock has recently outperformed the broader market, reflecting improving sentiment and momentum into earnings. Exxon Mobil Holdings (XOM) Outperforms Broader Market: What You Need to Know
• Neutral Sentiment: ExxonMobil confirmed it will release second-quarter 2026 financial results on July 31, keeping attention focused on the upcoming report rather than any new operational update. ExxonMobil to Release Second Quarter 2026 Financial Results

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XOM. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Sanford C. Bernstein decreased their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.45.

ExxonMobil Stock Up 1.9%

The company’s 50 day moving average price is $145.78 and its two-hundred day moving average price is $146.90. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a market cap of $640.47 billion, a P/E ratio of 26.06, a P/E/G ratio of 0.61 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts expect that ExxonMobil Corporation will post 11.38 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

Hedge Funds Weigh In On ExxonMobil

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in ExxonMobil by 2.0% during the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock worth $9,043,836,000 after acquiring an additional 1,457,560 shares in the last quarter. Norges Bank bought a new stake in shares of ExxonMobil in the 4th quarter valued at about $7,625,063,000. Bank of New York Mellon Corp raised its holdings in shares of ExxonMobil by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after purchasing an additional 531,362 shares in the last quarter. Northern Trust Corp lifted its position in shares of ExxonMobil by 1.0% in the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of ExxonMobil by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock worth $4,102,708,000 after purchasing an additional 293,446 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.