Exxon Mobil (XOM) Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Exxon Mobil in the last twelve months. There are currently 10 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" XOM shares.
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21 brokerages have issued 12-month price targets for Exxon Mobil's stock. Their XOM share price forecasts range from $103.00 to $140.00. On average, they predict the company's share price to reach $123.57 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
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Exxon Mobil's stock was trading at $110.30 at the beginning of the year. Since then, XOM stock has increased by 4.0% and is now trading at $114.76.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our XOM earnings forecast.

Exxon Mobil Co. (NYSE:XOM) released its earnings results on Friday, July, 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by $0.06. The oil and gas company earned $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a trailing twelve-month return on equity of 25.82%. Exxon Mobil's revenue was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.14 EPS.
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Exxon Mobil declared a quarterly dividend on Friday, July 28th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.91 per share on Monday, September 11th. This represents a $3.64 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, August 15th.
Read our dividend analysis for XOM.

ETFs with the largest weight of Exxon Mobil (NYSE:XOM) stock in their portfolio include Vanguard Energy ETF (VDE), Energy Select Sector SPDR Fund (XLE), iShares U.S. Energy ETF (IYE), Strive U.S. Energy ETF (DRLL), Fidelity MSCI Energy Index ETF (FENY), iShares MSCI Global Energy Producers ETF (FILL), iShares Global Energy ETF (IXC) and ProShares Ultra Energy (DIG).

Exxon Mobil (NYSE:XOM) pays an annual dividend of $3.64 per share and currently has a dividend yield of 3.10%. The company has been increasing its dividend for 40 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XOM will have a dividend payout ratio of 38.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for XOM.

Exxon Mobil announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 1st 2022, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

436 employees have rated Exxon Mobil Chief Executive Officer Darren Woods on Glassdoor.com. Darren Woods has an approval rating of 26% among the company's employees. This puts Darren Woods in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 43.0% of employees surveyed would recommend working at Exxon Mobil to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Exxon Mobil investors own include AT&T (T), Chevron (CVX), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), Cisco Systems (CSCO) and General Electric (GE).

Exxon Mobil trades on the New York Stock Exchange (NYSE) under the ticker symbol "XOM."

Exxon Mobil's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (25.53%), BlackRock Inc. (6.79%), State Street Corp (5.09%), Geode Capital Management LLC (1.85%), Bank of New York Mellon Corp (1.18%) and Northern Trust Corp (1.08%). Insiders that own company stock include Darren W Woods, Darrin L Talley, James M Spellings Jr, Jeffrey W Ubben, Leonard M Fox, Linda D Ducharme, Michael J Angelakis and Stephen A Littleton.
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Shares of XOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of XOM stock can currently be purchased for approximately $114.76.

Exxon Mobil (NYSE:XOM) has a market capitalization of $459.41 billion and generates $413.68 billion in revenue each year. The oil and gas company earns $55.74 billion in net income (profit) each year or $12.50 on an earnings per share basis.

The company employs 62,000 workers across the globe.

Exxon Mobil's mailing address is 5959 LAS COLINAS BOULEVARD, IRVING TX, 75039. The official website for the company is corporate.exxonmobil.com. The oil and gas company can be reached via phone at (972) 940-6000, via email at shareholderrelations@exxonmobil.com, or via fax at 972-444-1433.