There’s Something Awry at Exxon Mobil Corp. (NYSE:XOM) Since Share Price Gets Ahead of Fundamentals

Exxon Mobil Corp. (NYSE:XOM) shares traded -1.77% lower at $105.87 on Wall Street last session.

As we calculate the median target price by taking the range between a high of $150.00 and a low of $110.00, we find $123.00. Given the previous closing price of $107.78, this indicates a potential upside of 14.12 percent. XOM stock price is now -5.65% away from the 50-day moving average and -3.51% away from the 200-day moving average. The market capitalization of the company currently stands at $424.13B.

Brokers who have rated the stock have averaged $127.87 as their price target over the next twelve months.

With the price target of $140, Bernstein recently initiated with Outperform rating for Exxon Mobil Corp. (NYSE: XOM).

In other news, Talley Darrin L, Vice President sold 1,500 shares of the company’s stock on Sep 05. The stock was sold for $172,500 at an average price of $115.00. Upon completion of the transaction, the Vice President now directly owns 27,772 shares in the company, valued at $2.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01, Director UBBEN JEFFREY W bought 192,000 shares of the business’s stock. A total of $20,437,068 was incurred on buying the stock at an average price of $106.44. This leaves the insider owning 1,827,000 shares of the company worth $193.42 million. Insiders disposed of 123,738 shares of company stock worth roughly $13.1 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.

Exxon Mobil Corp. (NYSE: XOM) opened at $108.17 on Monday. During the past 12 months, Exxon Mobil Corp. has had a low of $98.02 and a high of $120.70. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.42, and a quick ratio of 1.08. According to the stock market information, the enterprise value for the company is $427.86B, which is based on a 10.52 price-to-earnings ratio, a 0.25 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for XOM is $112.20 and a two-hundred day moving average price translates $109.72 for the stock.

The latest earnings results from Exxon Mobil Corp. (NYSE: XOM) was released for Sep, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $1.94, missing analysts’ expectations of $2.01 by -0.07. This compares to $4.83 EPS in the same period last year. The net profit margin was 11.92% and return on equity was 21.32% for XOM. The company reported revenue of $90.76 billion for the quarter, compared to $112.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.01 percent. For the current quarter, analysts expect XOM to generate $83.76B in revenue.

Exxon Mobil Corp.(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 Spring, Texas.

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