ExxonMobil (NYSE:XOM) Shares Up 2.8% – What’s Next?

ExxonMobil Corporation (NYSE:XOM)’s stock price shot up 2.8% during mid-day trading on Friday. The company traded as high as $183.75 and last traded at $183.2260. Approximately 11,476,703 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 17,799,492 shares. The stock had previously closed at $178.23.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. Mizuho reduced their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday. UBS Group reaffirmed a “buy” rating and issued a $199.00 price objective on shares of ExxonMobil in a research note on Monday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. boosted their target price on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.70.

ExxonMobil Stock Up 2.8%

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 company has a market capitalization of $759.46 billion, a P/E ratio of 23.58, a PEG ratio of 0.89 and a beta of 0.21. The stock has a 50 day moving average price of $165.33 and a 200 day moving average price of $154.89.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share 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 firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, research analysts anticipate that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NBT Bank N.A. bought a new stake in shares of ExxonMobil in the third quarter worth $26,000. Aventus Investment Advisors Inc. bought a new position in ExxonMobil during the 2nd quarter worth $27,000. Portus Wealth Advisors LLC acquired a new position in ExxonMobil during the 1st quarter worth about $36,000. Atlantic Private Wealth LLC grew its position in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of ExxonMobil in the first quarter valued at about $53,000. Institutional investors own 61.80% of the company’s stock.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.