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 Performance

XOM Stock traded up $0.11 during midday trading on Monday, hitting $88.56. The stock had a trading volume of 221,805 shares, compared to its average volume of 29,691,902. The firm has a market capitalization of $373.06 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.30 and a beta of 1.09. Exxon Mobil has a 52 week low of $52.10 and a 52 week high of $105.57. The stock has a 50-day simple moving average of $90.93 and a 200 day simple moving average of $86.09. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOM - Get Rating) last released its quarterly earnings data 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 period in the prior year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 70.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil will post 12.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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 paid a $0.88 dividend. 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 3.97%. Exxon Mobil's dividend payout ratio (DPR) is presently 38.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Barclays upped their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 31st. Truist Financial reduced their price objective 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. Royal Bank of Canada raised shares of Exxon Mobil from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. Bank of America upped their target price on Exxon Mobil from $120.00 to $123.00 and gave the company a "buy" rating in a report on Monday, August 1st. Finally, Piper Sandler upgraded Exxon Mobil from a "neutral" rating to an "overweight" rating and upped their target price for the company from $102.00 to $109.00 in a report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of "Hold" and an average target price of $96.40.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm's stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related 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 sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares of the company's stock, valued at $3,142,091.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is owned by corporate insiders.