Exxon Mobil - XOM Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Exxon Mobil in the last twelve months. There are currently 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" XOM shares.
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20 analysts have issued 12-month price targets for Exxon Mobil's stock. Their XOM share price forecasts range from $84.00 to $133.00. On average, they expect the company's share price to reach $110.86 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
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Exxon Mobil's stock was trading at $61.19 at the beginning of 2022. Since then, XOM shares have increased by 79.5% and is now trading at $109.86.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our XOM earnings forecast.

Exxon Mobil Co. (NYSE:XOM) posted its earnings results on Friday, October, 28th. The oil and gas company reported $4.45 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.57. The oil and gas company earned $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a trailing twelve-month return on equity of 29.52% and a net margin of 12.86%. The business's revenue was up 51.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share.
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Exxon Mobil announced a quarterly dividend on Thursday, October 27th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.91 per share on Friday, December 9th. This represents a $3.64 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Monday, November 14th. This is a boost from the stock's previous quarterly dividend of $0.88.
Read our dividend analysis for XOM.

Exxon Mobil (NYSE:XOM) pays an annual dividend of $3.64 per share and currently has a dividend yield of 3.29%. The company has been increasing its dividend for 39 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XOM will have a dividend payout ratio of 33.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for XOM.

Exxon Mobil announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 1st 2022, which authorizes the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

436 employees have rated Exxon Mobil Chief Executive Officer Darren Woods on Glassdoor.com. Darren Woods has an approval rating of 26% among the company's employees. This puts Darren Woods in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 43.0% of employees surveyed would recommend working at Exxon Mobil to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Exxon Mobil investors own include AT&T (T), Chevron (CVX), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), Cisco Systems (CSCO) and General Electric (GE).

Exxon Mobil trades on the New York Stock Exchange (NYSE) under the ticker symbol "XOM."

Exxon Mobil's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.95%), State Street Corp (5.59%), Bank of New York Mellon Corp (1.23%), Price T Rowe Associates Inc. MD (0.96%), Dimensional Fund Advisors LP (0.69%) and Nuveen Asset Management LLC (0.39%). Insiders that own company stock include Darren W Woods, Darrin L Talley, David S Rosenthal, James M Spellings Jr, Jeffrey W Ubben, Leonard M Fox, Linda D Ducharme, Michael J Angelakis, Neil W Duffin, Stephen A Littleton and William C Weldon.
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Shares of XOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of XOM stock can currently be purchased for approximately $109.86.

Exxon Mobil (NYSE:XOM) has a market capitalization of $452.44 billion and generates $285.64 billion in revenue each year. The oil and gas company earns $23.04 billion in net income (profit) each year or $12.25 on an earnings per share basis.

The company employs 63,000 workers across the globe.

Exxon Mobil's mailing address is 5959 LAS COLINAS BOULEVARD, IRVING TX, 75039. The official website for the company is corporate.exxonmobil.com. The oil and gas company can be reached via phone at (972) 940-6000 or via fax at 972-444-1433.