ExxonMobil (NYSE:XOM) Shares Down 1.2% – Time to Sell?

03 Nov 2026, 22:21 by Kim Johansen · The Markets Daily

ExxonMobil Corporation (NYSE:XOM – Get Free Report)’s share price was down 1.2% on Tuesday. The stock traded as low as $177.20 and last traded at $177.4990. Approximately 11,526,402 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 17,667,977 shares. The stock had previously closed at $179.67.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: ExxonMobil beat third-quarter earnings expectations, with revenue of $113.2 billion and net income of $15.4 billion. Strong refining performance and record downstream utilization helped underpin results. Article: How Investors Are Reacting To ExxonMobil Stock Earnings
Positive Sentiment: Management raised its quarterly dividend 3.9% to $1.07 per share and increased its share-repurchase authorization to $110 billion, reinforcing the cash-return case for investors. Article: How Investors Are Reacting To ExxonMobil Stock Earnings
Positive Sentiment: UBS raised its price target to $213 and maintained a Buy rating after the results. ExxonMobil also reportedly took a 50% stake in Mozambique LNG, adding to its longer-term growth opportunities. Article: ExxonMobil Stocks Decline 1.8% With Higher UBS Target Testing Cash-Return Durability Article: ExxonMobil Takes 50% Stake in Mozambique LNG
Positive Sentiment: A Zacks technical analysis noted XOM moved above its 200-day moving average, which it views as a sign of improving longer-term momentum. Article: ExxonMobil Just Overtook the 200-Day Moving Average
Negative Sentiment: Oil-market headlines are conflicting: President Trump suggested Iran wants peace and oil prices were falling, while U.S. officials reported strikes on Iranian territory. Uncertainty over crude prices could weigh on energy-sector sentiment and ExxonMobil’s upstream earnings. Article: The U.S. Has Been Striking Iran as Trump Talks Up a Deal
Negative Sentiment: Some analysts flag valuation risk after XOM’s substantial run-up. A separate earnings analysis pointed to a sequential decline in adjusted upstream earnings, leaving results more exposed if crude prices soften. Article: ExxonMobil Stock Trades at a Premium Article: I Wouldn’t Buy ExxonMobil at a Record High

Analyst Ratings Changes

Several analysts have issued reports on XOM shares. Barclays upped their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. BNP Paribas Exane lowered their target price on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Argus increased their target price on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Wells Fargo & Company raised their price target on ExxonMobil from $182.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Weiss Ratings raised ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.70.

Check Out Our Latest Research Report on XOM

ExxonMobil Trading Down 1.2%

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 firm’s 50 day moving average price is $168.06 and its 200 day moving average price is $154.62. The stock has a market capitalization of $735.72 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.91 and a beta of 0.21.

ExxonMobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The company had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter in the previous year, the business earned $1.88 EPS. As a group, equities research analysts expect that ExxonMobil Corporation will post 13.58 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s payout ratio is 42.34%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOM. CPA Asset Management Group LLC lifted its holdings in shares of ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock worth $561,000 after acquiring an additional 60 shares during the period. DecisionMap Wealth Management LLC boosted its position in shares of ExxonMobil by 2.2% during the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after acquiring an additional 62 shares in the last quarter. WP Advisors LLC increased its stake in ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 63 shares during the last quarter. Avant Capital LLC increased its stake in ExxonMobil by 0.6% in the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock valued at $1,529,000 after acquiring an additional 65 shares during the last quarter. Finally, Core Wealth Advisors Inc. raised its position in ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

About ExxonMobil

(Get Free Report)

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.