ExxonMobil (NYSE:XOM) Trading Down 1% - Here's Why

Key Points

• ExxonMobil shares slipped about 1% on Friday, trading as low as $144.71 amid higher-than-average volume, with the move likely reflecting broader pressure on energy stocks.
• Oil market developments were mixed for Exxon: executives warned inventories are nearing very low levels, which could lift crude prices, but oil prices also eased on hopes of Iran-related de-escalation and Zacks downgraded the stock to hold.
• Analysts remain cautious overall, with Exxon carrying a consensus Hold rating and an average price target of $165.55, even as some firms such as Jefferies and UBS raised targets and reiterated buy ratings.

ExxonMobil Corporation (NYSE:XOM - Get Free Report)'s stock price traded down 1% during trading on Friday . The company traded as low as $144.71 and last traded at $145.4190. 27,303,365 shares were traded during mid-day trading, an increase of 30% from the average session volume of 21,008,912 shares. The stock had previously closed at $146.96.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon executives warned that oil inventories are nearing very low levels, which could push crude prices sharply higher if supply tightens further; that would be favorable for ExxonMobil’s upstream earnings. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
• Positive Sentiment: Mizuho raised its oil-price outlook and lifted its price target on ExxonMobil, reflecting expectations that geopolitical risk could keep energy prices elevated. Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target
• Positive Sentiment: Exxon shareholders approved the company’s move to Texas, a governance change that may improve flexibility and reduce legal friction over time. Exxon wins shareholder backing for legal move to Texas
• Positive Sentiment: Exxon is advancing its Haimara project in Guyana, adding to a long pipeline of production growth projects that support future output and cash flow. Exxon Mobil’s Haimara Project In Guyana And What It Means For XOM
• Neutral Sentiment: Exxon remains a heavily watched stock, with new analysis and conference coverage reinforcing investor interest but not adding a clear near-term catalyst. Here is What to Know Beyond Why Exxon Mobil Corporation (XOM) is a Trending Stock
• Neutral Sentiment: Articles highlighted Exxon’s strong balance sheet and low leverage, which should help it weather commodity swings and support dividends, but this is more of a long-term stability factor than a fresh catalyst. Why ExxonMobil's Strong Balance Sheet Matters for Investors
• Negative Sentiment: Oil prices have also slipped on hopes for Iran-related de-escalation, which can pressure energy stocks by reducing the war premium built into crude. Oil Prices Slip Amid Trump Demands; Exxon Warns Of Nasty Surprise
• Negative Sentiment: Zacks Research downgraded ExxonMobil from strong-buy to hold, which may have added some pressure to the shares. ExxonMobil was downgraded by Zacks Research from strong-buy to hold

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. BMO Capital Markets restated a "market perform" rating and issued a $155.00 price target on shares of ExxonMobil in a research report on Wednesday, February 4th. Jefferies Financial Group boosted their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a "buy" rating in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of ExxonMobil from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, May 21st. Finally, UBS Group boosted their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, ExxonMobil has an average rating of "Hold" and an average target price of $165.55.

ExxonMobil Stock Performance

The company has a market capitalization of $602.75 billion, a P/E ratio of 24.52, a P/E/G ratio of 0.65 and a beta of 0.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The stock's 50 day simple moving average is $155.28 and its two-hundred day simple moving average is $140.11.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. As a group, research analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil's payout ratio is 69.48%.

Insider Buying and Selling at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the business'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 of the company's stock, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ExxonMobil

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of ExxonMobil by 2.0% during the fourth 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 buying an additional 1,457,560 shares during the last quarter. Norges Bank acquired a new position in ExxonMobil during the fourth quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp grew its holdings in ExxonMobil by 1.2% during the fourth 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 during the period. Northern Trust Corp grew its holdings in ExxonMobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock valued at $4,963,934,000 after purchasing an additional 445,283 shares during the period. Finally, Franklin Resources Inc. grew its holdings 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 purchasing an additional 2,660,910 shares during the period. 61.80% of the stock is owned by institutional investors.

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.

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