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 1.8 %

Shares of NYSE:XOM opened at $90.59 on Wednesday. The business's 50 day moving average is $90.64 and its 200 day moving average is $86.24. The stock has a market cap of $377.55 billion, a P/E ratio of 9.91, a price-to-earnings-growth 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 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 (NYSE:XOM - Get Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.74 by $0.40. The business had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business's revenue was up 70.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Sell-side analysts predict that Exxon Mobil will post 12.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. Exxon Mobil's dividend payout ratio is currently 38.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XOM shares. Barclays boosted 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. Cowen upped their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Bank of America increased their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a "buy" rating in a report on Monday, August 1st. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $104.00 to $117.00 and gave the stock a "buy" rating in a research note on Wednesday, June 8th. Finally, Truist Financial lowered their price objective on Exxon Mobil from $86.00 to $83.00 and set a "hold" rating for the company in a research note on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $96.40.

Insider Activity

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