ExxonMobil (NYSE:XOM) Shares Up 2.7% – Still a Buy?

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

ExxonMobil News Roundup

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

Analysts Set New Price Targets

Several research firms have commented on XOM. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $166.10.

ExxonMobil Price Performance

The stock has a market cap of $667.05 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $150.53 and its 200 day moving average is $151.88.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $109.94 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

Institutional Trading of ExxonMobil

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in ExxonMobil by 14,136.6% in the 2nd quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company’s stock valued at $95,185,508,000 after acquiring an additional 691,317,352 shares during the period. Norges Bank acquired a new position in ExxonMobil during the 4th quarter worth $7,625,063,000. GQG Partners LLC grew its stake in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after purchasing an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil during the first quarter valued at $965,932,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ExxonMobil in the first quarter worth about $766,345,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.