ExxonMobil (NYSE:XOM) Stock Price Up 2% – Here’s What Happened

Shares of ExxonMobil Corporation (NYSE:XOM) rose 2% on Thursday . The stock traded as high as $154.87 and last traded at $154.6070. 11,806,768 shares were traded during trading, a decline of 39% from the average daily volume of 19,419,975 shares. The stock had previously closed at $151.63.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported resilient second-quarter cash flow, record Permian production, strong refining performance and signs that Guyana is reaching a free-cash-flow inflection point. These developments support production growth and future shareholder returns. XOM Q2 Earnings Call Highlights Refining Strength and Guyana Cash Flow
• Positive Sentiment: The company’s dividend increased despite earnings falling slightly short of expectations, reinforcing ExxonMobil’s appeal to income-focused investors and signaling confidence in cash generation. Exxon’s Profit Fell Short. Its Dividend Didn’t.
• Positive Sentiment: ExxonMobil awarded McDermott a letter of intent for limited engineering and procurement work on the Rovuma LNG Phase 1 project in Mozambique, advancing a potentially significant long-term growth asset. ExxonMobil in Mozambique Awards McDermott Letter of Intent for Rovuma LNG Project

Analyst Upgrades and Downgrades

Several brokerages have commented on XOM. BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Sanford C. Bernstein reduced their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Mizuho lowered their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Scotiabank boosted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $182.00 target price on shares of ExxonMobil in a research note on Monday. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $163.29.

ExxonMobil Stock Down 1.3%

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 firm has a market capitalization of $633.67 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 0.59 and a beta of 0.17. The stock has a fifty day moving average of $146.12 and a 200-day moving average of $149.50.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the firm earned $1.64 earnings per share. As a group, sell-side analysts expect that ExxonMobil Corporation will post 12.34 EPS for the current year.

ExxonMobil Dividend Announcement

The business 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. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in ExxonMobil in the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares in the last quarter. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the second quarter valued at $27,000. Finally, Key Capital Management INC purchased a new stake in shares of ExxonMobil in the fourth quarter valued at $28,000. 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.