ExxonMobil (NYSE:XOM) Trading 1.2% Higher - Time to Buy?

Key Points

• ExxonMobil shares rose 1.2% on Wednesday, trading as high as $152.49 amid lighter-than-average volume, while the stock remained near its recent range around the mid-$150s.
• Recent business and sector news is supportive: stronger U.S. jobs data and a rally in energy stocks have boosted sentiment, and Exxon also won a major LNG contract for the Coral Norte project in Mozambique.
• The company continues to post solid fundamentals, with Q1 earnings of $1.16 per share beating estimates and revenue topping forecasts, while Exxon also pays a quarterly dividend of $1.03 per share for a 2.7% yield.

ExxonMobil Corporation (NYSE:XOM - Get Free Report)'s share price traded up 1.2% during trading on Wednesday . The stock traded as high as $152.49 and last traded at $150.72. 14,248,983 shares were traded during trading, a decline of 31% from the average session volume of 20,561,436 shares. The stock had previously closed at $148.91.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: A stronger-than-expected May jobs report boosted expectations for energy demand and helped support energy stocks broadly, which can benefit ExxonMobil as a major integrated oil and gas company. Likely Sector ETF & Stock Winners From May Jobs Report
• Positive Sentiment: The Energy Select Sector SPDR Fund has been outperforming, with energy stocks “waking up” and the sector showing strong year-to-date gains, signaling broad investor interest in the group that includes ExxonMobil. Energy Refuses to Quit: XLE Up 29% YTD as Oil Stocks Wake Up
• Positive Sentiment: Exxon Mobil won a major EPCIC contract for the Coral Norte LNG project offshore Mozambique, expanding its LNG footprint and adding another large-scale growth opportunity for its gas business. Exxon Mobil Coral Norte LNG Win And What It Means For Valuation
• Positive Sentiment: Reuters reported that Exxon generated $4.67 billion in profit from its Guyana operations in 2025, underscoring the continued strength of one of the company’s most important growth engines. Exxon 2025 profit in Guyana totaled $4.67 billion

Analysts Set New Price Targets

Several equities analysts have commented on the stock. 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. Bank of America raised their price objective 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. Wolfe Research lowered shares of ExxonMobil from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective 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. Finally, Mizuho raised their price objective on shares of ExxonMobil from $159.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $165.55.

ExxonMobil Stock Performance

The firm's fifty day simple moving average is $153.25 and its 200 day simple moving average is $141.89. The company has a market capitalization of $624.73 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.65 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion during 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $1.76 earnings per share. On average, sell-side analysts forecast that ExxonMobil Corporation will post 11.66 EPS 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 dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil's dividend payout ratio (DPR) is currently 69.48%.

Insider Activity at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On ExxonMobil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. Eagle Capital Management LLC raised its position in ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock valued at $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP bought a new position in ExxonMobil during the first quarter valued at approximately $305,000. Sivia Capital Partners LLC raised its position in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock valued at $1,211,000 after acquiring an additional 207 shares in the last quarter. United Bank raised its position in ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company's stock valued at $2,352,000 after acquiring an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its position in ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock valued at $3,957,000 after acquiring an additional 5,443 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.