In yesterday’s Wall Street session, Exxon Mobil Corporation (NYSE:XOM) shares traded at $102.52, down -2.43% from the previous session.
As of this writing, 29 analysts cover Exxon Mobil Corporation (NYSE:XOM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $147.00 and a low of $110.00, we find $125.00. Given the previous closing price of $105.07, this indicates a potential upside of 18.97 percent. XOM stock price is now -7.23% away from the 50-day moving average and -3.25% away from the 200-day moving average. The market capitalization of the company currently stands at $414.53B.
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There are 14 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $127.54 as their price target over the next twelve months.
With the price target maintained at $125, Goldman recently Downgraded its rating from Buy to Neutral for Exxon Mobil Corporation (NYSE: XOM). On April 20, 2023, HSBC Securities reiterated its ‘Hold’ rating on the stock by increasing its target price from $113.50 to quote $115.50, while ‘UBS’ rates the stock as ‘Buy’.
In other news, Talley Darrin L, Vice President sold 2,500 shares of the company’s stock on May 01. The stock was sold for $290,288 at an average price of $116.11. Upon completion of the transaction, the Vice President now directly owns 29,272 shares in the company, valued at $3.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Vice President Talley Darrin L sold 2,500 shares of the business’s stock. A total of $288,750 was realized by selling the stock at an average price of $115.50. This leaves the insider owning 31,772 shares of the company worth $3.26 million. Insiders disposed of 127,621 shares of company stock worth roughly $13.08 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in XOM stock. A new stake in Exxon Mobil Corporation shares was purchased by ALTSHULER SHAHAM LTD during the first quarter worth $368,519,000. HOLOCENE ADVISORS, LP invested $123,307,000 in shares of XOM during the first quarter. In the first quarter, EMPOWERED FUNDS, LLC acquired a new stake in Exxon Mobil Corporation valued at approximately $84,562,000. SENATOR INVESTMENT GROUP LP acquired a new stake in XOM for approximately $41,008,000. NAN SHAN LIFE INSURANCE CO., LTD. purchased a new stake in XOM valued at around $32,460,000 in the second quarter.
Tuesday morning saw Exxon Mobil Corporation (NYSE: XOM) opened at $104.63. During the past 12 months, Exxon Mobil Corporation has had a low of $80.69 and a high of $119.92. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.50, and a quick ratio of 1.10. The fifty day moving average price for XOM is $110.29 and a two-hundred day moving average price translates $106.00 for the stock.
The latest earnings results from Exxon Mobil Corporation (NYSE: XOM) was released for Mar, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $2.83, beating analysts’ expectations of $2.59 by 0.24. This compares to $1.35 EPS in the same period last year. The net profit margin was 15.60% and return on equity was 32.60% for XOM. The company reported revenue of $86.56 billion for the quarter, compared to $90.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.35 percent. For the current quarter, analysts expect XOM to generate $89.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/09/2023. Investors who held shares on 05/16/2023 were paid a $0.91 dividend. On an annualized basis, this represents a $3.64 dividend and a 3.55% percent yield. There was an ex-dividend date of 05/15/2023 for this dividend. In terms of dividend payout ratio, XOM is presently at 24.20%.
Exxon Mobil Corporation(XOM) Company Profile
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas. The Energy Products segment offers fuels, aromatics, and catalysts, as well as licensing services. The Chemical Products segment manufactures and markets petrochemicals including olefins, polyolefins, and intermediates. The Specialty Products segment offers performance products, including lubricants, basestocks, waxes, synthetics, elastomers, and resins. The company is involved in the manufacturing, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and pursuit lower-emission business opportunities including carbon capture and storage, hydrogen, and lower-emission fuels. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.
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