Exxon Mobil (NYSE:XOM) Sets New 52-Week High – Still a Buy?

Shares of Exxon Mobil Corporation (NYSE:XOM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $126.41 and last traded at $126.5330, with a volume of 2963424 shares. The stock had previously closed at $124.03.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Higher oil prices and income focus — a renewed rally above the $60/barrel threshold has buoyed bullish interest in large-cap, high‑yield energy names, supporting Exxon’s revenue outlook and dividend appeal. Oil Is Surging Over $60 – Grab These Large Cap High-Yield Dividend Energy Giants Now
• Positive Sentiment: Analyst upgrades — Zacks raised earnings estimates for Exxon, which supports forward EPS expectations and helps justify the stock’s valuation multiple. Zacks Research Raises Earnings Estimates for Exxon Mobil
• Positive Sentiment: Company still pursuing Venezuela access — Reuters reports Exxon remains interested in a Venezuela assessment visit and is prepared to send a team despite political pushback, keeping the upside optionality alive if geopolitics shift. Exxon Mobil still interested in Venezuela visit despite Trump rebuke
• Neutral Sentiment: Longer-term strategy steady — coverage notes Exxon’s updated 2030 plan looks more robust than earlier forecasts, which supports medium-term cash‑flow expectations but is unlikely to move the stock dramatically near‑term. Exxon Mobil: 2030 Plan More Robust Than Initial Forecast
• Neutral Sentiment: Political and policy debate continues — economists and commentators (e.g., Paul Krugman pieces) question the feasibility of an aggressive “drill” push; these macro views shape sentiment but don’t immediately change Exxon’s fundamentals. Trump’s ‘Drill Baby, Drill’ Is Dead At Home And Abroad, Says Economist Paul Krugman
• Negative Sentiment: Political risk: Trump may block Exxon from Venezuela — after CEO Darren Woods called Venezuela “uninvestable” at a White House meeting, President Trump said he’s “inclined” to keep Exxon out of any U.S. push into Venezuelan oil; media coverage of that threat pressured the stock earlier and creates near‑term headline risk. Trump says he might keep Exxon out of Venezuela

Analysts Set New Price Targets

A number of research analysts have recently weighed in on XOM shares. Wells Fargo & Company raised their price target on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Morgan Stanley raised their target price on shares of Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Bank of America reduced their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Finally, Citigroup increased their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and an average price target of $130.25.

Exxon Mobil Price Performance

The company has a market capitalization of $532.98 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 7.77 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company’s 50 day simple moving average is $118.25 and its 200-day simple moving average is $114.05.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion for the quarter. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.3%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This represents a 9.50% 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. 0.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Exxon Mobil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westfuller Advisors LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $30,000. Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the second quarter valued at $38,000. Bare Financial Services Inc boosted its holdings in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Clayton Financial Group LLC purchased a new stake in Exxon Mobil during the third quarter valued at about $40,000. Finally, TruNorth Capital Management LLC increased its stake in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

Exxon Mobil 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.