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.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on XOM shares. HSBC lifted their price target on Exxon Mobil from $92.50 to $97.50 and gave the company a "hold" rating in a research note on Wednesday, July 20th. Argus raised their price objective on Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. Credit Suisse Group restated an "outperform" rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday. Evercore ISI upgraded Exxon Mobil from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered their price objective on Exxon Mobil from $107.00 to $106.00 and set an "overweight" rating for the company in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $96.40.

Exxon Mobil Stock Up 1.9 %

Shares of NYSE:XOM opened at $93.19 on Friday. The stock has a market cap of $388.38 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.30 and a beta of 1.09. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. Exxon Mobil has a 12-month low of $52.10 and a 12-month high of $105.57. The business's 50 day moving average is $90.52 and its 200 day moving average is $86.28.

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, beating the consensus estimate of $3.74 by $0.40. The company had revenue of $115.68 billion for the quarter, compared to analysts' expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. Exxon Mobil's quarterly revenue was up 70.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, sell-side analysts forecast that Exxon Mobil will post 12.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a $0.88 dividend. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.78%. Exxon Mobil's dividend payout ratio is currently 38.51%.

Insiders Place Their Bets

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