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

NYSE:XOM opened at $88.95 on Tuesday. The business's 50-day moving average price is $90.75 and its 200 day moving average price is $86.21. Exxon Mobil has a twelve month low of $52.10 and a twelve month high of $105.57. The company has a market capitalization of $374.71 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.30 and a beta of 1.09. 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 earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share 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 for the quarter, compared to the consensus estimate of $111.67 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm's revenue for the quarter was up 70.8% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil will post 12.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business 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 3.96%. Exxon Mobil's dividend payout ratio (DPR) is currently 38.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XOM. Bank of America boosted 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. Barclays upped their price objective on Exxon Mobil from $98.00 to $111.00 and gave the stock an "overweight" rating in a report on Tuesday, May 31st. Cowen upped their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Royal Bank of Canada raised Exxon Mobil from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. Finally, Argus upped their price objective on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Two equities research 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. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and a consensus price target of $96.40.

Insider Activity

In related news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired 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 $100,635,870. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other 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 sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben purchased 960,000 shares of Exxon Mobil stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares of the company's stock, valued at approximately $100,635,870. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is currently owned by corporate insiders.