ExxonMobil (NYSE:XOM) Shares Down 1.5% – Time to Sell?

Posted by Francis Steltz on Aug 26th, 2026

ExxonMobil Corporation (NYSE:XOM – Get Free Report)’s share price traded down 1.5% during mid-day trading on Wednesday . The stock traded as low as $157.76 and last traded at $158.18. 14,111,263 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 19,015,027 shares. The stock had previously closed at $160.64.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Permian production is a key growth driver. ExxonMobil’s Permian output reached a record, while increased drilling automation and planned expansion could raise production and improve operating efficiency. Can ExxonMobil’s Permian Growth Keep Driving Upstream Momentum?
Positive Sentiment: Morgan Stanley sees potential for a new record high. The bullish view reflects strong energy prices, solid earnings, and ExxonMobil’s more than 34% year-to-date gain, although the forecast remains dependent on commodity-market conditions. Morgan Stanley Sees ExxonMobil Breaking its Record High
Positive Sentiment: Higher oil prices and valuation support remain favorable. A comparison with Enterprise Products Partners characterized XOM as offering greater upside leverage to elevated oil prices and a relatively cheaper valuation. XOM vs EPD: Which Stock Offers the Better Growth Opportunity?
Neutral Sentiment: Potential acquisition of Shell’s U.S. chemical assets. Reports that ExxonMobil may pursue a transaction valued at roughly $8 billion could expand its chemicals business, but the effect would depend on the purchase price, financing, and industry conditions. ExxonMobil Is Eyeing a Potential $8 Billion Bet on Shell’s U.S. Chemical Plants
Neutral Sentiment: Dividend reliability attracts income investors. ExxonMobil has raised its dividend for 43 consecutive years, but recent increases of about 3% to 4.5% have been considerably smaller than historical hikes, limiting dividend-growth appeal. ExxonMobil Has Raised Its Dividend 43 Years in a Row
Negative Sentiment: Oil’s Iran-related premium has diminished. As traders viewed sanctions as leverage for negotiations rather than an imminent supply disruption, crude prices retreated, reducing a major near-term earnings catalyst for ExxonMobil. Exxon Falls as Oil Erases the Iran Premium

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Sanford C. Bernstein cut their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Piper Sandler assumed coverage on shares of ExxonMobil in a research note on Thursday, July 23rd. They set a “neutral” rating and a $158.00 target price for the company. Barclays lowered their price target on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Finally, HSBC set a $158.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $166.10.

View Our Latest Analysis on ExxonMobil

ExxonMobil Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $655.65 billion, a P/E ratio of 20.36, a PEG ratio of 0.65 and a beta of 0.17. The stock’s fifty day moving average is $149.42 and its 200-day moving average is $151.70.

ExxonMobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the firm earned $1.64 earnings per share. On average, equities analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Several hedge funds have recently bought and sold shares of the company. Kirkwood Financial Services acquired a new stake in shares of ExxonMobil in the second quarter valued at approximately $240,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in ExxonMobil in the 2nd quarter valued at $164,161,000. California State Teachers Retirement System raised its position in shares of ExxonMobil by 14,136.6% in the second quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company’s stock valued at $95,185,508,000 after purchasing an additional 691,317,352 shares during the period. Tanager Wealth Management LLP boosted its holdings in shares of ExxonMobil by 15.0% during the second quarter. Tanager Wealth Management LLP now owns 8,164 shares of the oil and gas company’s stock worth $1,116,000 after acquiring an additional 1,066 shares during the period. Finally, Readystate Asset Management LP bought a new stake in ExxonMobil in the 2nd quarter valued at $29,775,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Company Profile

(Get Free Report)

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.