ExxonMobil (NYSE:XOM) Trading Up 1.4% – Still a Buy?

ExxonMobil Corporation (NYSE:XOM) shares were up 1.4% on Tuesday . The company traded as high as $163.32 and last traded at $162.7090. Approximately 20,621,976 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 21,322,363 shares. The stock had previously closed at $160.49.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is being highlighted as a buy at around $160 in a new valuation comparison with Chevron, reinforcing the view that XOM still offers attractive value in a volatile oil market. Chevron at $196, ExxonMobil at $160: Buy, Sell or Hold?
• Positive Sentiment: Higher crude prices tied to Middle East tensions are supporting the entire energy sector and should boost ExxonMobil’s earnings power, especially if oil remains near recent highs. ExxonMobil Stock Analysis: Buy or Sell?
• Positive Sentiment: ExxonMobil also benefited from a Texas jury clearing the company of investor fraud claims, removing an overhang and helping strengthen sentiment around the stock. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Neutral Sentiment: Analysts at Erste Group modestly lowered FY2026 EPS estimates for ExxonMobil, but the new forecast remains close to consensus and does not materially change the long-term earnings outlook. ExxonMobil Corporation (NYSE:XOM) – Free Report
• Neutral Sentiment: Articles noting that ExxonMobil is attracting investor attention and comparing it favorably with Chevron mainly reflect rising market interest rather than a new company-specific catalyst. Exxon Mobil Corporation (XOM) is Attracting Investor Attention: Here is What You Should Know

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XOM shares. Jefferies Financial Group raised their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. increased their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Bank of America increased their price target on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Barclays increased their price target on shares of ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Finally, HSBC increased their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, ExxonMobil has a consensus rating of “Moderate Buy” and an average target price of $163.95.

ExxonMobil Price Performance

The stock has a market cap of $674.42 billion, a P/E ratio of 27.44, a PEG ratio of 0.69 and a beta of 0.19. The firm’s fifty day moving average price is $155.23 and its 200-day moving average price is $137.92. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 earnings per share. Analysts forecast that ExxonMobil Corporation will post 11.5 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.5%. ExxonMobil’s payout ratio is 69.48%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ExxonMobil

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Norges Bank purchased a new position in ExxonMobil during the fourth quarter valued at $7,625,063,000. Quantum Portfolio Management LLC purchased a new position in ExxonMobil during the first quarter valued at $965,932,000. Arrowstreet Capital Limited Partnership purchased a new position in ExxonMobil during the first quarter valued at $766,345,000. Franklin Resources Inc. lifted its position in ExxonMobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after buying an additional 2,660,910 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of ExxonMobil by 218.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after purchasing an additional 2,546,791 shares during the last quarter. 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.