In yesterday’s Wall Street session, Exxon Mobil Corporation (NYSE:XOM) shares traded at $109.16, up 0.84% from the previous session.
26 analysts cover Exxon Mobil Corporation (NYSE:XOM), according to research data. 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 $108.25, this indicates a potential upside of 10.85 percent. XOM stock price is now 3.07% away from the 50-day moving average and 0.11% away from the 200-day moving average. The market capitalization of the company currently stands at $429.32B.
The stock has received a hold rating from 14 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $121.18 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 $199.44 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 $178.48 million. Insiders disposed of 123,949 shares of company stock worth roughly $13.53 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 $152,824,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $125,363,000 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 $107,195,000. EA SERIES TRUST acquired a new stake in XOM for approximately $88,370,000. HRT FINANCIAL LP purchased a new stake in XOM valued at around $79,810,000 in the second quarter. In total, there are 4,144 active investors with 59.80% ownership of the company’s stock.
On Monday morning Exxon Mobil Corporation (NYSE: XOM) stock kicked off with the opening price of $108.45. 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 $105.97 and a two-hundred day moving average price translates $109.02 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 $1.8, missing analysts’ expectations of $1.87 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 $74.6B 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 3.33% 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%.
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.
