ExxonMobil (NYSE:XOM) Shares Down 2% – Time to Sell?

ExxonMobil Corporation (NYSE:XOM)’s stock price dropped 2% during mid-day trading on Tuesday . The company traded as low as $160.46 and last traded at $160.7480. Approximately 17,238,479 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 19,044,752 shares. The stock had previously closed at $164.05.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s low debt load and solid liquidity provide flexibility during periods of weaker oil and gas prices, while supporting capital investments, acquisitions and shareholder returns. Why ExxonMobil’s Financial Strength Matters for Investors
• Positive Sentiment: Record Permian Basin production and planned expansion are reinforcing ExxonMobil’s upstream growth outlook and could help sustain earnings if energy prices remain elevated. Can ExxonMobil’s Permian Growth Keep Driving Upstream Momentum?
• Positive Sentiment: Morgan Stanley sees potential for ExxonMobil to exceed its previous record high, citing strong energy prices, earnings momentum and the company’s year-to-date gains. Morgan Stanley Sees ExxonMobil Breaking its Record High
• Positive Sentiment: A sector comparison argues that ExxonMobil is better positioned than Enbridge to benefit from higher oil prices and trades at a more attractive valuation, although Enbridge offers steadier cash flows. 2026 2H Oil Stock Roundup
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ 40th Annual Energy-Power Conference, giving investors an opportunity to receive updates on strategy, operations and market conditions. ExxonMobil to Speak at Barclays Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for a third consecutive day as investors view recent Iran-related sanctions as negotiation pressure rather than an immediate supply threat, reducing support for energy stocks. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded expectations, while core inflation remained elevated. The data could keep interest rates higher for longer, potentially weighing on market valuations and economic-sensitive energy demand. These Three Stocks Are Must-Owns After the PCE Data
• Negative Sentiment: ExxonMobil’s 43-year dividend-growth streak remains attractive, but recent increases of roughly 3% to 4.5% are smaller than historical raises, limiting near-term income-growth appeal. ExxonMobil Has Raised Its Dividend 43 Years in a Row

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen lifted their target price on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, August 7th. HSBC set a $158.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Morgan Stanley lifted their price objective on shares of ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Mizuho reduced their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Ten investment 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 currently has a consensus rating of “Hold” and an average target price of $166.10.

ExxonMobil Price Performance

The stock has a market capitalization of $651.76 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.63 and a beta of 0.17. The business’s 50 day simple moving average is $149.77 and its two-hundred day simple moving average is $151.79. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) 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). The business had revenue of $114.53 billion for 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 previous year, the firm earned $1.64 earnings per share. As a group, sell-side analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 53.02%.

Institutional Trading of ExxonMobil

A number of hedge funds have recently bought and sold shares of XOM. Aventus Investment Advisors Inc. bought a new position in ExxonMobil during the second quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new stake in ExxonMobil in the first quarter worth about $36,000. Berbice Capital Management LLC purchased a new position in ExxonMobil in the fourth quarter valued at about $26,000. Midwest Capital Advisors LLC purchased a new position in ExxonMobil in the fourth quarter valued at about $27,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of ExxonMobil by 456.1% during 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 period. 61.80% of the stock is currently owned by 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.