The price of Exxon Mobil Corporation (NYSE:XOM) shares last traded on Wall Street fell -1.21% to $108.71.
Based on available information, 26 analysts follow 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 $145.00 and a low of $100.00, we find $120.00. Given the previous closing price of $110.04, this indicates a potential upside of 9.05 percent. XOM stock price is now 2.75% away from the 50-day moving average and -0.40% away from the 200-day moving average. The market capitalization of the company currently stands at $428.70B.
Among analysts, 14 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $121.27 as their price target over the next twelve months.
With the price target reduced from $118 to $110, Truist maintained Hold rating for Exxon Mobil Corporation (NYSE: XOM).
In other news, UBBEN JEFFREY W, Director bought 192,000 shares of the company’s stock on Aug 01. The stock was bought for $20,437,068 at an average price of $106.44. Upon completion of the transaction, the Director now directly owns 1,827,000 shares in the company, valued at $198.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31, Director UBBEN JEFFREY W bought 458,000 shares of the business’s stock. A total of $48,972,562 was incurred on buying the stock at an average price of $106.93. This leaves the insider owning 1,635,000 shares of the company worth $177.74 million. Insiders disposed of 123,949 shares of company stock worth roughly $13.47 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 HUDSON BAY CAPITAL MANAGEMENT LP during the first quarter worth $152,194,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $124,846,000 in shares of XOM during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in Exxon Mobil Corporation valued at approximately $106,753,000. EA SERIES TRUST acquired a new stake in XOM for approximately $88,006,000. HRT FINANCIAL LP purchased a new stake in XOM valued at around $79,481,000 in the second quarter. In total, there are 4,144 active investors with 59.80% ownership of the company’s stock.
A candlestick chart of Exxon Mobil Corporation (NYSE: XOM) showed a price of $110.36 on Monday morning. During the past 12 months, Exxon Mobil Corporation has had a low of $83.89 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 $105.81 and a two-hundred day moving average price translates $109.14 for the stock.
The latest earnings results from Exxon Mobil Corporation (NYSE: XOM) was released for Jun, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $1.78, missing analysts’ expectations of $1.85 by -0.07. This compares to $4.39 EPS in the same period last year. The net profit margin was 14.20% and return on equity was 26.60% for XOM. The company reported revenue of $82.91 billion for the quarter, compared to $115.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.33 percent. For the current quarter, analysts expect XOM to generate $72.94B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/11/2023. Investors who held shares on 08/16/2023 were paid a $0.91 dividend. On an annualized basis, this represents a $3.64 dividend and a 3.35% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend. In terms of dividend payout ratio, XOM is presently at 28.90%.
