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 Stock Up 0.9 %

NYSE:XOM traded up $0.81 during trading hours on Friday, hitting $94.00. The company had a trading volume of 15,058,217 shares, compared to its average volume of 19,510,396. The firm's 50 day moving average is $90.32 and its 200 day moving average is $86.55. 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 fifty-two week low of $52.10 and a fifty-two week high of $105.57. The company has a market capitalization of $391.76 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 0.31 and a beta of 1.09.

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

Exxon Mobil Announces Dividend

The company 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 dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.74%. Exxon Mobil's payout ratio is currently 38.51%.

Analysts Set New Price Targets

Several analysts have recently issued reports on XOM shares. Cowen upped their price objective on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Royal Bank of Canada upgraded shares of Exxon Mobil from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. Cowen upped their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Piper Sandler raised shares of Exxon Mobil from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $102.00 to $109.00 in a research note on Tuesday, July 19th. Finally, Evercore ISI upgraded Exxon Mobil from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and a consensus price target of $96.40.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,147 shares of the firm's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company's stock, valued at approximately $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,147 shares of the 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 $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey W. Ubben acquired 960,000 shares of the company's stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the acquisition, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 7,147 shares of company stock valued at $698,858. Corporate insiders own 0.04% of the company's stock.