ExxonMobil (NYSE:XOM) Stock Price Down 3.1% - What's Next?

Key Points

• ExxonMobil shares fell 3.1% to $158.40, pressured by retreating oil prices as easing supply concerns reduced expectations for upstream revenue and profits.
• The company faces mixed operating developments: its Joliet refinery remains offline, while carbon-capture expansion and a potential return to Venezuela could provide longer-term opportunities but carry execution and geopolitical risks.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and $167.45 price target. ExxonMobil also maintains a quarterly dividend of $1.03 per share, equal to a 2.6% yield.

Shares of ExxonMobil Corporation (NYSE:XOM - Get Free Report) traded down 3.1% during mid-day trading on Monday . The stock traded as low as $157.94 and last traded at $158.40. 15,219,779 shares changed hands during trading, a decline of 18% from the average session volume of 18,606,561 shares. The stock had previously closed at $163.54.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is expanding its Gulf Coast carbon-capture and storage network, with a long-term target of up to 100 million metric tons of annual CO2 storage capacity. If successful, the initiative could create a significant lower-carbon growth platform. Can ExxonMobil Turn Carbon Capture Into a Major Growth Market?
• Positive Sentiment: RBC said stronger refining performance could offset some earnings pressure from ExxonMobil’s Middle East exposure. Analysts tracked by Quiver Quantitative have a median price target of $172, above the recently reported trading level. ExxonMobil Refining Upside Could Offset Middle East Earnings Loss
• Positive Sentiment: Reports that ExxonMobil is considering a return to Venezuela could provide access to additional heavy-oil resources, although any agreement remains preliminary and carries substantial geopolitical and execution risks. Exxon Eyes a Return to Venezuela
• Neutral Sentiment: ExxonMobil’s 275,000-barrel-per-day Joliet refinery remains offline despite restored electricity, potentially limiting near-term production while tight fuel markets may support refining margins. Exxon’s Joliet Refinery Remains Offline
• Negative Sentiment: The key near-term pressure is the retreat in oil prices as perceived supply risks ease. Lower crude prices can reduce upstream revenue and profit expectations for integrated producers such as ExxonMobil, prompting investors to unwind recent energy gains. ExxonMobil Stock Falls: What’s Happening?

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XOM shares. Wall Street Zen raised shares of ExxonMobil to a "hold" rating in a research report on Saturday, September 5th. Mizuho reduced their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, July 9th. Barclays decreased their price objective on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating for the company in a report on Monday, August 17th. HSBC set a $158.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Finally, TD Cowen lifted their price target on ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $167.45.

ExxonMobil Trading Down 3.1%

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The business's fifty day simple moving average is $158.21 and its 200 day simple moving average is $153.27. The stock has a market cap of $656.56 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.00 and a beta of 0.18.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the company posted $1.64 earnings per share. On average, research analysts predict that ExxonMobil Corporation will post 11.93 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil's dividend payout ratio is 53.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil in the second quarter valued at approximately $27,000. Portus Wealth Advisors LLC acquired a new stake in ExxonMobil in the 1st quarter valued at approximately $36,000. Atlantic Private Wealth LLC raised its stake in ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 202 shares in the last quarter. Keewaydin Investments LLC acquired a new position in ExxonMobil during the 4th quarter worth $33,000. Finally, Hyposwiss Advisors SA bought a new position in shares of ExxonMobil in the fourth quarter worth $37,000. Institutional investors and hedge funds 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.

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