Exxon Mobil - XOM Stock Forecast, Price & News

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.

Exxon Mobil Price Performance

XOM Stock opened at $92.20 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. Exxon Mobil has a 1 year low of $52.10 and a 1 year high of $105.57. The firm has a 50-day moving average of $89.71 and a 200 day moving average of $86.91. The company has a market cap of $384.26 billion, a P/E ratio of 10.09, a PEG ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOM - Get Rating) last announced its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The business's revenue was up 70.8% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil will post 12.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Thursday, August 11th. Exxon Mobil's dividend payout ratio is presently 38.51%.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Cowen lifted their price objective on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Truist Financial cut their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a "hold" rating for the company in a research note on Tuesday, July 19th. HSBC raised their price objective on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a "hold" rating in a research report on Wednesday, July 20th. StockNews.com downgraded Exxon Mobil from a "buy" rating to a "hold" rating in a research report on Monday, May 2nd. Finally, Citigroup upped their price objective on Exxon Mobil from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Hold" and an average price target of $96.40.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the business's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the sale, the vice president now owns 32,510 shares of the company's stock, valued at $3,142,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares of the company's stock, valued at approximately $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The disclosure for this sale can be found here. Insiders sold a total of 7,147 shares of company stock worth $698,858 in the last three months. 0.04% of the stock is owned by corporate insiders.