ExxonMobil (NYSE:XOM) Trading 1% Higher – Here’s Why

ExxonMobil Corporation (NYSE:XOM)’s share price traded up 1% during trading on Friday . The company traded as high as $138.97 and last traded at $138.8370. 9,221,459 shares changed hands during trading, a decline of 54% from the average daily volume of 20,177,932 shares. The stock had previously closed at $137.46.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil said it is expanding in Nigeria with a $1 billion Usan Infill Project, which is expected to restore drilling activity there and add about 40,000 barrels per day within 18 months. Article Title
• Positive Sentiment: Analysts say strong commodity tailwinds, including higher crude prices and margin gains, could lift XOM’s second-quarter results and support near-term earnings strength. Article Title
• Positive Sentiment: Oil-market commentary suggests major U.S. producers, including ExxonMobil, could benefit financially from geopolitical disruption and higher crude prices, without needing to materially increase drilling right away. Article Title
• Neutral Sentiment: Some market coverage says XOM’s valuation looks reasonable on earnings, but the stock may be stretched after a large multi-year run, which could limit upside if expectations get too high. Article Title
• Negative Sentiment: Mizuho lowered its price target on ExxonMobil to $170 and kept a neutral stance, signaling less aggressive upside expectations from one Wall Street firm. Article Title
• Negative Sentiment: Recent trading commentary noted XOM underperformed the broader market in a down session, reflecting investor caution around energy stocks when crude prices soften. Article Title

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on XOM shares. Wells Fargo & Company upped their price objective on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Barclays upped their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research note on Wednesday. Finally, BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.45.

ExxonMobil Trading Up 1.0%

The stock has a market cap of $575.47 billion, a P/E ratio of 23.41, a P/E/G ratio of 0.56 and a beta of 0.17. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $146.22 and a two-hundred day moving average price of $145.38.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $1.76 earnings per share. On average, research analysts expect that ExxonMobil Corporation will post 11.69 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. ExxonMobil’s payout ratio is currently 69.48%.

Institutional Trading of ExxonMobil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its holdings in ExxonMobil by 6.6% during the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after buying an additional 14,233 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of ExxonMobil by 2.3% during the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after acquiring an additional 23,668 shares in the last quarter. Clear Trail Advisors LLC acquired a new stake in shares of ExxonMobil during the 4th quarter worth about $28,728,000. CIBC Bancorp USA Inc. purchased a new stake in ExxonMobil during the third quarter worth approximately $67,907,000. Finally, King Luther Capital Management Corp boosted 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 valued at $200,366,000 after purchasing an additional 38,492 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.