ExxonMobil (NYSE:XOM) Trading 2.2% Higher – Time to Buy?

Posted by Francis Steltz on Sep 1st, 2026

Shares of ExxonMobil Corporation (NYSE:XOM – Get Free Report) traded up 2.2% during trading on Tuesday . The stock traded as high as $164.70 and last traded at $164.55. 10,830,045 shares were traded during trading, a decline of 43% from the average daily volume of 18,893,699 shares. The stock had previously closed at $160.95.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Higher oil prices lifted the sector. Renewed conflict involving Iran and concerns about shipping through the Strait of Hormuz pushed crude prices higher, improving the outlook for ExxonMobil’s upstream earnings and helping energy stocks lead the market. Chevron and Exxon Mobil Rise as WTI Crude Oil Increases
Positive Sentiment: Potential return to Venezuela created a new long-term growth narrative. President Donald Trump said ExxonMobil is among the companies preparing to enter Venezuela, nearly two decades after the company exited following asset nationalization. Exxon previously sent a technical team to assess opportunities, but no definitive investment announcement from the company was cited. Access to Venezuela’s large reserves could expand future production, though execution and political risks remain. Trump Says Exxon Is Going Into Venezuela
Positive Sentiment: Production momentum supports the investment case. Recent coverage highlighted ExxonMobil’s record second-quarter production and approximately $116 billion in revenue. The company also reported quarterly earnings per share of $3.52, more than double the prior-year result, despite narrowly missing analysts’ estimates. What XOM’s Q2 Earnings Say About Production Growth
Neutral Sentiment: ExxonMobil is reportedly bidding for Shell’s U.S. chemicals assets. A potential purchase of four plants, reportedly valued near $8 billion, could strengthen ExxonMobil’s chemicals footprint but would require substantial capital and comes amid cyclical weakness in the chemicals business. ExxonMobil’s Bid for Shell’s U.S. Chemicals Assets
Negative Sentiment: Political pressure and operational risks remain. President Trump is meeting with refiners to discuss lowering gasoline prices, potentially pressuring margins. ExxonMobil was not invited, while a developing Gulf Coast storm could disrupt or require preparation at East Texas refining facilities. Motiva and Exxon Prepare Refineries for Storm
Negative Sentiment: Venezuela’s investment framework is uncertain. Sources cited concerns among major producers about the terms and political structure of the U.S.-backed oil deal, which could delay investment or increase project risk. Erste Group Bank also lowered its fiscal 2027 ExxonMobil EPS forecast. Venezuela Oil Deal Raises Questions

Analyst Ratings Changes

Several analysts recently weighed in on the company. Sanford C. Bernstein lowered their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and boosted their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. TD Cowen boosted their target price on shares of ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Barclays reduced their price target on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, ExxonMobil presently has a consensus rating of “Hold” and an average target price of $166.10.

Read Our Latest Stock Analysis on ExxonMobil

ExxonMobil Stock Performance

The stock has a market capitalization of $682.05 billion, a P/E ratio of 21.18, a P/E/G ratio of 0.62 and a beta of 0.17. The company’s 50-day moving average is $150.98 and its two-hundred day moving average is $151.94. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM – Get Free Report) last posted its 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the company posted $1.64 EPS. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s payout ratio is currently 53.02%.

Institutional Trading of ExxonMobil

Large investors have recently added to or reduced their stakes in the business. Aventus Investment Advisors Inc. acquired a new position in ExxonMobil during the 2nd quarter worth $27,000. Portus Wealth Advisors LLC acquired a new position in shares of ExxonMobil during the first quarter valued at $36,000. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Finally, Atlantic Private Wealth LLC lifted its holdings in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 202 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

About ExxonMobil

(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.