ExxonMobil (NYSE:XOM) Stock Price Down 1.3% on Analyst Downgrade

ExxonMobil Corporation (NYSE:XOM) was down 1.3% during trading on Wednesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $145.75 and last traded at $147.8020. Approximately 16,121,665 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 21,034,359 shares. The stock had previously closed at $149.81.

Several other equities research analysts have also weighed in on the company. Sanford C. Bernstein reduced their target price 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 upped their price target on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Scotiabank upped their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Loop Capital set a $123.00 target price on ExxonMobil in a research note on Tuesday, February 3rd. Finally, TD Cowen cut their target price on ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $165.55.

Insider Activity at ExxonMobil

In related news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon executives warned that oil inventories are nearing very low levels, which could push crude prices sharply higher if supply tightens further; that would be favorable for ExxonMobil’s upstream earnings. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
• Positive Sentiment: Mizuho raised its oil-price outlook and lifted its price target on ExxonMobil, reflecting expectations that geopolitical risk could keep energy prices elevated. Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target
• Positive Sentiment: Exxon shareholders approved the company’s move to Texas, a governance change that may improve flexibility and reduce legal friction over time. Exxon wins shareholder backing for legal move to Texas
• Positive Sentiment: Exxon is advancing its Haimara project in Guyana, adding to a long pipeline of production growth projects that support future output and cash flow. Exxon Mobil’s Haimara Project In Guyana And What It Means For XOM
• Neutral Sentiment: Exxon remains a heavily watched stock, with new analysis and conference coverage reinforcing investor interest but not adding a clear near-term catalyst. Here is What to Know Beyond Why Exxon Mobil Corporation (XOM) is a Trending Stock
• Neutral Sentiment: Articles highlighted Exxon’s strong balance sheet and low leverage, which should help it weather commodity swings and support dividends, but this is more of a long-term stability factor than a fresh catalyst. Why ExxonMobil’s Strong Balance Sheet Matters for Investors
• Negative Sentiment: Oil prices have also slipped on hopes for Iran-related de-escalation, which can pressure energy stocks by reducing the war premium built into crude. Oil Prices Slip Amid Trump Demands; Exxon Warns Of Nasty Surprise
• Negative Sentiment: Zacks Research downgraded ExxonMobil from strong-buy to hold, which may have added some pressure to the shares. ExxonMobil was downgraded by Zacks Research from strong-buy to hold

Hedge Funds Weigh In On ExxonMobil

Several large investors have recently made changes to their positions in XOM. Norges Bank acquired a new position in shares of ExxonMobil during the fourth quarter valued at $7,625,063,000. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil during the first quarter valued at $965,932,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ExxonMobil during the first quarter valued at $766,345,000. Franklin Resources Inc. lifted its stake in shares of ExxonMobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after acquiring an additional 2,660,910 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of ExxonMobil by 218.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after acquiring an additional 2,546,791 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Down 1.0%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a market cap of $602.75 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 0.65 and a beta of 0.19. The firm has a 50 day moving average price of $155.28 and a 200-day moving average price of $140.11.

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, beating 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 business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts predict that ExxonMobil Corporation will post 11.49 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s dividend payout ratio is presently 69.48%.

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.