ExxonMobil (NYSE:XOM) Trading 3.8% Higher - Here's Why

Key Points

• ExxonMobil shares rose 3.8% during Tuesday trading, reaching an intraday high of $141.74 as the stock gained momentum on stronger oil prices and investor interest.
• The company said changes in oil prices should boost second-quarter upstream earnings by $3.5 billion to $3.9 billion, improving its near-term profit outlook.
• ExxonMobil also reported solid recent operating and financial results, including first-quarter EPS of $1.16 versus $0.98 expected, record Guyana production, and a quarterly dividend of $1.03 per share.

ExxonMobil Corporation (NYSE:XOM - Get Free Report)'s stock price shot up 3.8% during mid-day trading on Tuesday . The stock traded as high as $141.74 and last traded at $141.66. Approximately 14,578,985 shares traded hands during trading, a decline of 28% from the average daily volume of 20,299,848 shares. The stock had previously closed at $136.44.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil said changes in oil prices are expected to lift second-quarter upstream earnings by $3.5 billion to $3.9 billion, a clear boost for the integrated oil giant’s profit outlook. Exxon Mobil signals higher second-quarter earnings
• Positive Sentiment: The stock is also benefiting from firmer crude prices and continued investor interest in ExxonMobil after its completed redomiciliation to Texas kept the shares in focus. ExxonMobil Gains as Oil Firms and Investors Digest Texas Redomiciliation
• Positive Sentiment: Several recent articles remain constructive on XOM’s long-term setup, citing strong Permian and LNG exposure, solid balance sheet strength, and attractive value for investors looking for energy exposure. Global LNG Demand Could Surge 65% by 2050. Here Are the Top Energy Stocks to Buy to Cash In on the Boom.
• Positive Sentiment: ExxonMobil’s latest quarterly results showed strong operational momentum, including record Guyana production, which supports the bull case for earnings durability. ExxonMobil announces first-quarter 2026 results
• Neutral Sentiment: Analyst and commentary pieces today were mixed but generally favorable, with some caution that softer oil prices could limit upside even as ExxonMobil remains a favored long-term value name. After an Almost 20% One-Year Run, is ExxonMobil Still Worth Buying?
• Negative Sentiment: Broader energy-sector commentary warned that oil trading well below the $100 level, along with OPEC supply increases and recession worries, could pressure energy stocks if crude weakens further. Oil's $100 Threshold: What It Means for Energy Stocks Now

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Sanford C. Bernstein lowered their price target on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $180.00 price target on shares of ExxonMobil in a report on Tuesday, May 5th. UBS Group lifted their price target on ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Scotiabank raised their target price on ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 22nd. Finally, Mizuho upped their target price on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 27th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, ExxonMobil currently has an average rating of "Moderate Buy" and an average price target of $164.70.

ExxonMobil Stock Performance

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 company has a market cap of $587.17 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17. The firm has a 50-day simple moving average of $147.37 and a 200 day simple moving average of $144.79.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $81.13 billion. During the same period last year, the company earned $1.76 earnings per share. The company's revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that ExxonMobil Corporation will post 11.9 earnings per share for the current fiscal 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 paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil's payout ratio is presently 69.48%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of ExxonMobil by 2.6% in the second quarter. GAMMA Investing LLC now owns 124,605 shares of the oil and gas company's stock worth $17,036,000 after acquiring an additional 3,108 shares in the last quarter. Grant Private Wealth Management Inc lifted its position in shares of ExxonMobil by 7.5% during the second quarter. Grant Private Wealth Management Inc now owns 7,514 shares of the oil and gas company's stock worth $1,027,000 after purchasing an additional 521 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of ExxonMobil in the 2nd quarter worth approximately $27,634,000. Sandy Cove Advisors LLC raised its position in shares of ExxonMobil by 3.3% during the 2nd quarter. Sandy Cove Advisors LLC now owns 11,819 shares of the oil and gas company's stock valued at $1,616,000 after acquiring an additional 378 shares in the last quarter. Finally, Arlington Trust Co LLC raised its stake in ExxonMobil by 18.9% during the second quarter. Arlington Trust Co LLC now owns 1,062 shares of the oil and gas company's stock worth $145,000 after acquiring an additional 169 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Company Profile

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.

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