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.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. Piper Sandler raised Exxon Mobil from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $102.00 to $109.00 in a report on Tuesday, July 19th. Cowen raised their price target on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. HSBC lifted their target price on Exxon Mobil from $92.50 to $97.50 and gave the stock a "hold" rating in a report on Wednesday, July 20th. Bank of America lifted their price target on Exxon Mobil from $120.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday, August 1st. Finally, StockNews.com lowered Exxon Mobil from a "buy" rating to a "hold" rating in a research report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $96.40.

Exxon Mobil Price Performance

Shares of XOM traded up $0.81 during mid-day trading on Friday, hitting $94.00. 15,058,217 shares of the company were exchanged, compared to its average volume of 19,510,396. Exxon Mobil has a 1-year low of $52.10 and a 1-year high of $105.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The company has a 50 day moving average of $90.32 and a 200-day moving average of $86.64. The stock has a market cap of $391.76 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOM - Get Rating) last announced 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 during the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business's revenue was up 70.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. Analysts expect that Exxon Mobil will post 12.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 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 38.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction 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 transaction, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 960,000 shares of Exxon Mobil stock in a transaction on Thursday, August 4th. The shares were bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the acquisition, the director now directly owns 1,137,000 shares of the company's stock, valued at $100,635,870. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction of $220,733.07. Following the completion of the transaction, 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. In the last three months, insiders have sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is currently owned by corporate insiders.