ExxonMobil (NYSE:XOM) Shares Down 1% - What's Next?

Key Points

• ExxonMobil shares fell 1% to approximately $160.48 in mid-day trading, with trading volume 43% below the average session level.
• The company is pursuing future growth through an offshore Greece exploration well planned for early 2027 and a new crude-supply framework agreement with Vietnam’s BSR, although near-term financial benefits remain uncertain.
• Analyst sentiment remains mixed: the consensus rating is Hold with an average price target of $164.26, while ExxonMobil continues to offer a $1.03 quarterly dividend, equivalent to a 2.6% yield.

ExxonMobil Corporation (NYSE:XOM - Get Free Report)'s stock price fell 1% during mid-day trading on Friday. The stock traded as low as $159.78 and last traded at $160.4810. Approximately 10,565,053 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 18,483,674 shares. The stock had previously closed at $162.14.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil plans to drill its first exploration well offshore Greece in decades in early 2027. The project could provide exposure to additional Mediterranean reserves, although any financial benefit remains several years away. ExxonMobil VP Ardill: Drilling of first exploration well offshore Greece in decades in early 2027
• Positive Sentiment: Vietnam’s BSR signed a framework agreement with ExxonMobil Asia Pacific to supply crude for its Dung Quat refinery. The deal supports ExxonMobil’s trading and supply relationships in Asia, though specific volumes and financial terms were not disclosed. Vietnam refinery signs crude oil deal with ExxonMobil Asia Pacific
• Positive Sentiment: Goldman Sachs raised its price target for XOM from $168 to $169 while maintaining a Neutral rating, implying limited but positive upside based on the referenced price. ExxonMobil price target raised by Goldman Sachs
• Positive Sentiment: A separate report placed the average analyst price target at $167.30, offering some support for the stock’s valuation. ExxonMobil Corporation stock average price target

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research note on Monday. Wall Street Zen raised shares of ExxonMobil to a "hold" rating in a research note on Saturday, September 5th. BMO Capital Markets boosted their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a "market perform" rating in a report on Wednesday, August 12th. Argus upped their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group lifted their target price on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Twelve investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $164.26.

ExxonMobil Stock Down 1.0%

The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $665.19 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 0.97 and a beta of 0.18. The stock has a 50 day moving average of $159.42 and a 200 day moving average of $153.53.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the business earned $1.64 EPS. As a group, analysts expect that ExxonMobil Corporation will post 12.01 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's payout ratio is 53.02%.

Institutional Trading of ExxonMobil

Several hedge funds have recently added to or reduced their stakes in XOM. Norges Bank acquired a new stake in shares of ExxonMobil during the fourth quarter worth $7,625,063,000. GQG Partners LLC boosted its holdings in ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock worth $2,307,497,000 after buying an additional 10,214,420 shares during the last quarter. Quantum Portfolio Management LLC bought a new position in ExxonMobil during the first quarter worth about $965,932,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ExxonMobil during the 1st quarter worth about $766,345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ExxonMobil by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company's stock valued at $1,925,119,000 after acquiring an additional 2,465,410 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.

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.