ExxonMobil (NYSE:XOM) Shares Up 1.9% – Should You Buy?

Shares of ExxonMobil Corporation (NYSE:XOM) traded up 1.9% during mid-day trading on Wednesday . The company traded as high as $154.80 and last traded at $154.5180. 13,635,277 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 19,879,863 shares. The stock had previously closed at $151.71.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is benefiting from a strong 2026 rally in big oil, with one analyst still seeing more upside as investors continue to favor the sector. XOM, CVX Are Already Up More Than 25% This Year — One Analyst Thinks There’s Still More to Come For Big Oil
• Positive Sentiment: Rising crude prices and renewed energy-sector strength are supporting ExxonMobil, as oil has traded sharply higher amid supply fears and AI-driven demand for power infrastructure. At $100 Per Barrel, Which Oil Stock Has Dominated in 2026: ExxonMobil, Chevron, or BP?
• Positive Sentiment: Technical commentary suggests XOM may be nearing a breakout, with bullish indicators aligning ahead of its next earnings release. ExxonMobil shares approach a possible key breakout as technical indicators align bullishly
• Positive Sentiment: Several investor-focused pieces highlight ExxonMobil as a preferred “hard asset” and dividend name as capital rotates away from software and into energy security and pricing power. The 2026 Blueprint: 6 Stocks for a Brand New Portfolio (XOM)
• Neutral Sentiment: Investors are also watching ExxonMobil’s quarterly earnings due Friday, with expectations centered on whether results can confirm the recent bullish narrative. ExxonMobil (XOM) Expected to Post Quarterly Earnings on Friday
• Neutral Sentiment: Additional coverage notes that Wall Street expects a strong quarter, but this is mainly reinforcing existing optimism rather than introducing new catalysts. Here’s What to Expect From ExxonMobil’s Next Earnings Report
• Negative Sentiment: Broader market commentary about stocks slipping and bond-market stress could temper risk appetite, though the impact on ExxonMobil appears secondary to the stronger energy-specific drivers. Stocks Slip as Alphabet Gets Ready to Report: Stock Market Today

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank lifted their price objective on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Jefferies Financial Group raised their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Barclays lifted their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, TD Cowen lowered their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.25.

ExxonMobil Trading Up 1.6%

The stock has a market cap of $650.17 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 0.64 and a beta of 0.17. The company’s 50-day moving average price is $145.93 and its 200 day moving average price is $147.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The company 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%.The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 earnings per share. On average, sell-side analysts forecast that ExxonMobil Corporation will post 11.28 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued 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 dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 69.48%.

Institutional Inflows and Outflows

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

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.