ExxonMobil (NYSE:XOM) Trading 2.7% Higher – Still a Buy?

ExxonMobil Corporation (NYSE:XOM)’s share price was up 2.7% during mid-day trading on Monday . The stock traded as high as $161.59 and last traded at $160.93. 16,906,983 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 18,931,965 shares. The stock had previously closed at $156.71.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Oil-price gains supported the stock. U.S. strikes involving Iran and continued constraints on shipping through the Strait of Hormuz pushed WTI crude toward $86 per barrel and Brent above $90. Higher prices can improve ExxonMobil’s upstream margins and cash flow. Chevron and Exxon Mobil Rise as U.S. Strikes on Iran Push WTI Crude Oil Higher
• Positive Sentiment: Potential Venezuelan development opportunities added to the bullish narrative. President Trump backed U.S. participation in Venezuela’s oil development under a proposed 25-year arrangement targeting production of 1.5 million barrels per day. ExxonMobil could benefit from expanded project opportunities, although the plan remains subject to execution and political risks. What’s Going on with ExxonMobil Shares on Monday?
• Positive Sentiment: Strong second-quarter operating results provided fundamental support. ExxonMobil reported record production and approximately $116 billion in revenue, exceeding expectations on revenue. Quarterly EPS of $3.52 more than doubled from the prior-year period, reinforcing the company’s production-growth strategy. What XOM’s Q2 Earnings Say About Production Growth and Market Risk
• Neutral Sentiment: Sector momentum may be amplifying interest in XOM. Energy stocks have rallied sharply, while leveraged energy ETFs have magnified sector returns. That reflects strong investor enthusiasm but also highlights the volatility and cyclicality surrounding oil equities. How 2X Energy Leverage Works
• Negative Sentiment: Analysts continue to flag risks. Production costs, oil-price cyclicality, Middle East disruptions and uncertainty over earnings visibility could pressure future results. ExxonMobil’s latest EPS also narrowly missed consensus, and Erste Group Bank lowered its fiscal 2027 EPS forecast. What XOM’s Q2 Earnings Say About Production Growth and Market Risk ExxonMobil FY2027 EPS Forecast Lowered by Erste Group Bank

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. TD Cowen boosted their target price on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, August 7th. UBS Group set a $168.00 price target on ExxonMobil in a research report on Friday, August 7th. Piper Sandler began coverage on ExxonMobil in a research note on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 price objective on the stock. Morgan Stanley raised their target price on ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $166.10.

ExxonMobil Trading Up 2.7%

The company has a fifty day simple moving average of $150.53 and a 200-day simple moving average of $151.88. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock has a market cap of $667.05 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same quarter in the prior year, the company posted $1.64 EPS. On average, research analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s dividend payout ratio is presently 53.02%.

Institutional Trading of ExxonMobil

Large investors have recently modified their holdings of the company. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil in the second quarter worth about $27,000. Portus Wealth Advisors LLC acquired a new stake in ExxonMobil in the 1st quarter worth $36,000. Berbice Capital Management LLC bought a new position in shares of ExxonMobil during the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Finally, Atlantic Private Wealth LLC raised its position in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares during the last quarter. 61.80% of the stock is owned by 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.