ExxonMobil (NYSE:XOM) Stock Price Up 1.1% – Time to Buy?

ExxonMobil Corporation (NYSE:XOM) shot up 1.1% during trading on Friday . The company traded as high as $150.00 and last traded at $147.5580. 19,000,469 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 20,032,934 shares. The stock had previously closed at $145.95.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including Golden Pass and other projects, is seen as a way to boost export capacity and support future cash flows, strengthening its long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts at Erste Group Bank raised their FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, suggesting slightly better long-term earnings potential than previously expected.
• Positive Sentiment: Wall Street target prices remain constructive, with analysts setting an average price target of $164.45, implying further upside if ExxonMobil continues executing on its growth plans. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Neutral Sentiment: Broader commentary on ExxonMobil’s long-term transformation and carbon capture/clean energy initiatives adds to the strategic narrative, but these themes are still secondary to the company’s core oil, gas, and LNG businesses. ExxonMobil Is Poised for a Major Transformation by 2040
• Neutral Sentiment: Other items in the feed were unrelated to ExxonMobil or were mainly industry background, so they are unlikely to be a direct driver of XOM’s stock today.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on XOM shares. Wells Fargo & Company lifted their price target on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” 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 report on Thursday, May 21st. Citigroup restated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. TD Cowen decreased their target price on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Finally, Morgan Stanley dropped their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, ExxonMobil has an average rating of “Moderate Buy” and a consensus target price of $164.45.

ExxonMobil Price Performance

The firm has a fifty day moving average of $145.72 and a 200 day moving average of $146.30. The company has a market capitalization of $611.62 billion, a P/E ratio of 24.88, a P/E/G ratio of 0.59 and a beta of 0.17. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last issued 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 business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 EPS. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.43 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s dividend payout ratio is 69.48%.

Institutional Investors Weigh In On ExxonMobil

A number of large investors have recently added to or reduced their stakes in the stock. Eagle Capital Management LLC boosted its stake in shares of ExxonMobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Caxton Associates LLP purchased a new stake in ExxonMobil during the first quarter valued at $305,000. Sivia Capital Partners LLC lifted its holdings in ExxonMobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after acquiring an additional 207 shares during the period. United Bank boosted its position in ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after purchasing an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its position in ExxonMobil by 17.4% in the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after purchasing an additional 5,443 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

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.