In yesterday’s Wall Street session, Exxon Mobil Corp. (NYSE:XOM) shares traded at $119.64, up 1.42% from the previous session.
XOM stock price is now 5.80% away from the 50-day moving average and 10.90% away from the 200-day moving average. The market capitalization of the company currently stands at $474.71B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $147, Barclays recently initiated with Overweight rating for Exxon Mobil Corp. (NYSE: XOM). On April 01, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $115 to quote $120, while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, Talley Darrin L, Vice President sold 2,400 shares of the company’s stock on Mar 19 ’24. The stock was sold for $271,980 at an average price of $113.33. Upon completion of the transaction, the Vice President now directly owns 27,789 shares in the company, valued at $3.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Vice President Talley Darrin L sold 2,400 shares of the business’s stock. A total of $252,000 was realized by selling the stock at an average price of $105.00. This leaves the insider owning 30,189 shares of the company worth $3.61 million. A total of 0.16% of the company’s stock is owned by insiders.
During the past 12 months, Exxon Mobil Corp. has had a low of $95.77 and a high of $123.75. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.38, and a quick ratio of 1.06.
The net profit margin was 9.91% and return on equity was 16.24% for XOM. The company reported revenue of $84.34 billion for the quarter, compared to $95.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.62 percent.
