ExxonMobil (NYSE:XOM) Stock Price Up 1.2% – Time to Buy?

ExxonMobil Corporation (NYSE:XOM) shares traded up 1.2% on Tuesday . The stock traded as high as $140.39 and last traded at $140.15. Approximately 13,683,284 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 20,585,238 shares. The stock had previously closed at $138.47.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: The U.S. Supreme Court ruled in ExxonMobil’s favor in a long-running Cuba confiscation case, allowing XOM to pursue compensation over assets seized decades ago. While the financial impact is uncertain, the decision removes a legal hurdle and is a symbolic win for the company. Court rules for Exxon Mobil in Cuban confiscation case
• Positive Sentiment: ExxonMobil also received a boost in investor sentiment from articles highlighting its upstream strength, with analysts pointing to Permian Basin and Guyana production as support for earnings if oil prices remain firm. Can ExxonMobil’s Upstream Business Thrive at Current Oil Prices?
• Positive Sentiment: ExxonMobil was recognized by supplier Evolution Well Services with a Supplier Excellence Award, reinforcing confidence in the company’s Permian operations and vendor relationships. Evolution Well Services Honored with Supplier Excellence Award
• Neutral Sentiment: Broader market coverage noted that energy stocks were mixed and that Wall Street closed lower in the sector, which may be contributing to general pressure on XOM without pointing to a company-specific problem. Sector Update: Energy Stocks Higher Tuesday Afternoon
• Neutral Sentiment: News also highlighted ExxonMobil as a possible defensive stock if markets weaken, which supports the stock’s longer-term appeal but is not an immediate catalyst. Costco, Exxon, and 17 More Winners if the Market Drops
• Negative Sentiment: Oil prices weakened as markets digested easing Middle East supply risks, and that drop weighed on energy shares, including XOM. Lower crude prices can pressure ExxonMobil’s upstream earnings outlook. NOV and Transocean Stocks Trade Down, What You Need To Know
• Negative Sentiment: President Trump said the DOJ is investigating ExxonMobil and other oil companies over elevated natural gas prices, adding regulatory overhang and potential headline risk for the stock. Trump says Exxon, Chevron among firms probed as part of surge in gas prices

Analyst Ratings Changes

A number of equities analysts have commented on XOM shares. TD Cowen restated a “buy” rating on shares of ExxonMobil in a research report on Monday, June 15th. Wells Fargo & Company increased their price target on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group lifted their price target on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average price target of $165.70.

ExxonMobil Stock Performance

The firm has a fifty day moving average of $149.08 and a 200-day moving average of $143.87. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm has a market cap of $569.84 billion, a P/E ratio of 23.18, a PEG ratio of 0.59 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last announced 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the previous year, the business posted $1.76 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Research analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

Hedge Funds Weigh In On ExxonMobil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berbice Capital Management LLC bought a new stake in ExxonMobil in the fourth quarter valued at about $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil during the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of ExxonMobil by 456.1% in the 4th 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 acquiring an additional 187 shares during the last quarter. Key Capital Management INC bought a new position in ExxonMobil during the 4th quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in ExxonMobil during the fourth quarter valued at approximately $32,000. 61.80% of the stock is owned by institutional investors.

About ExxonMobil

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.