ExxonMobil (NYSE:XOM) Stock Price Up 2.3% – Time to Buy?

ExxonMobil Corporation (NYSE:XOM)’s share price was up 2.3% during mid-day trading on Wednesday . The company traded as high as $165.18 and last traded at $164.4120. 12,883,545 shares changed hands during trading, a decline of 31% from the average daily volume of 18,734,705 shares. The stock had previously closed at $160.66.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Oil prices provided the main catalyst. Brent crude moved above $100 per barrel and WTI surpassed $95 as Middle East tensions increased. Higher prices generally support ExxonMobil’s upstream earnings and cash flow, though the resulting “war premium” could fade if conditions improve. Comparing Energy ETFs: Positioning Portfolios as Oil Hits $100
• Positive Sentiment: ExxonMobil and Angola’s ANPG announced a 20th discovery in offshore Block 15. The Vicango Este-01 find adds to the company’s deepwater resource base, while improved fiscal terms could encourage additional drilling and future production. Angola offshore discovery
• Positive Sentiment: ExxonMobil is set to assume operatorship of Papua LNG from TotalEnergies. The move could strengthen ExxonMobil’s role in a major liquefied natural gas project and support longer-term production growth. ExxonMobil to assume operatorship of Papua LNG
• Positive Sentiment: Analysts see potential for further gains. Piper Sandler cited higher oil prices and solid earnings as drivers for ExxonMobil’s 2026 rally, while other commentary points to cost savings, lower debt and stronger profits. Piper Sandler outlook
• Positive Sentiment: ExxonMobil’s dividend record remains a support for income-focused investors. The company has raised its dividend for 43 consecutive years, despite coming close to breaking the streak during the 2020 downturn. ExxonMobil dividend history
• Neutral Sentiment: At the Barclays Energy-Power Conference, management presented its business and strategic outlook, giving investors additional context on operations, capital allocation and commodity-price sensitivity. Barclays conference transcript
• Neutral Sentiment: Pioneer Natural Resources launched cash tender offers for up to $2.1 billion of ExxonMobil-related senior notes. The refinancing activity may improve debt management, but it does not materially change ExxonMobil’s operating outlook. ExxonMobil senior-note tender offers
• Negative Sentiment: Commentary cautions that reaching $200 depends heavily on oil prices and the persistence of geopolitical risk. The rapid 2026 rally could therefore be vulnerable to a decline in crude prices or fading war-related premiums. ExxonMobil outlook toward $200

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Barclays decreased their target price on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. UBS Group reissued a “buy” rating on shares of ExxonMobil in a research report on Tuesday. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of ExxonMobil to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley raised their target price on shares of ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $167.45.

ExxonMobil Stock Up 2.3%

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 has a market cap of $681.48 billion, a PE ratio of 21.16, a PEG ratio of 0.97 and a beta of 0.18. The company’s fifty day moving average is $153.93 and its 200-day moving average is $152.45.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results 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). The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the previous year, the company earned $1.64 earnings per share. On average, analysts predict that ExxonMobil Corporation will post 11.98 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio is presently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. grew its stake in ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after purchasing an additional 37,666 shares in the last quarter. Charles Schwab Trust Co boosted its holdings in shares of ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after buying an additional 97,424 shares during the period. CV Advisors LLC grew its position in shares of ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after buying an additional 6,478 shares during the last quarter. Midwest Trust Co raised its stake in ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after acquiring an additional 26,411 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in ExxonMobil by 2.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock worth $200,366,000 after acquiring an additional 38,492 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.