Exxon Mobil (NYSE:XOM) Hits New 52-Week High – Here’s Why

Exxon Mobil Corporation (NYSE:XOM) reached a new 52-week high on Monday . The stock traded as high as $126.48 and last traded at $124.2780, with a volume of 906465 shares trading hands. The stock had previously closed at $122.65.

Key Stores Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: U.S. operation and related geopolitical developments have lifted oil-stock sentiment, driving buying in majors including Exxon despite little change in crude prices. Read More.
• Positive Sentiment: Market reports show Exxon and peers spiking even as oil stays flat — investors are pricing sector-specific geopolitical opportunity and potential reserve access rather than immediate commodity moves. Read More.
• Positive Sentiment: U.S. officials have told majors they could recover claims in Venezuela if they return and invest heavily, which implies a multi?billion dollar, long?term opportunity for Exxon to access large reserves if political conditions permit. Read More.
• Neutral Sentiment: Sanford C. Bernstein trimmed its Exxon price target to $137 from $142 but maintained an “outperform” rating — a modest haircut that still implies upside relative to recent levels. Read More.
• Neutral Sentiment: Valuation and cash?flow analyses are circulating as the name trades near a 52?week high; these pieces highlight stretched multiples vs. longer?term cash generation narratives. Read More.
• Neutral Sentiment: Unusually large options activity has been noted around XOM, signaling increased speculative and hedging interest that can amplify intraday moves but is not a directional fundamental read. Read More.
• Negative Sentiment: Reports of required heavy reinvestment to recover Venezuelan claims underline significant capex and political risk — potential earnings dilution or long payback that could weigh on valuation if pursued. Read More.
• Negative Sentiment: Insider selling and social?media chatter about profit?taking after a recent 52?week high could pressure the stock if momentum fades ahead of Exxon’s upcoming earnings. Read More.

Wall Street Analyst Weigh In

Several analysts recently weighed in on XOM shares. Mizuho increased their price target on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Bank of America decreased their price target on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Finally, Piper Sandler upped their price objective on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $129.81.

Exxon Mobil Stock Up 0.3%

The business has a 50 day moving average of $117.33 and a two-hundred day moving average of $113.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock has a market capitalization of $518.54 billion, a PE ratio of 17.83, a PEG ratio of 7.56 and a beta of 0.37.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently made changes to their positions in the stock. Linscomb Wealth Inc. lifted its stake in Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after buying an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after acquiring an additional 131,600 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after purchasing an additional 9,831 shares during the last quarter. Capital Counsel LLC NY raised its stake in shares of Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after purchasing an additional 460 shares during the last quarter. Finally, OneAscent Wealth Management LLC grew its position in Exxon Mobil by 116.7% in the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 4,123 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

About Exxon Mobil

Exxon Mobil 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.