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 Analyst Weigh In

A number of analysts recently issued reports on XOM shares. Bank of America raised their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, August 1st. Barclays increased their target price 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. StockNews.com lowered shares of Exxon Mobil from a "buy" rating to a "hold" rating in a research report on Monday, May 2nd. Evercore ISI upgraded shares of Exxon Mobil from an "in-line" rating to an "outperform" rating and increased their target price 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, Credit Suisse Group upgraded shares of Exxon Mobil from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $115.00 to $125.00 in a research report on Tuesday, June 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $96.40.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $1.26 during mid-day trading on Friday, hitting $88.45. 17,408,032 shares of the company traded hands, compared to its average volume of 20,135,812. The stock has a market cap of $368.63 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.09. Exxon Mobil has a one year low of $52.10 and a one year high of $105.57. The stock has a fifty day moving average price of $90.93 and a 200-day moving average price of $86.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16.

Exxon Mobil (NYSE:XOM - Get Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for 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 period last year, the firm posted $1.10 earnings per share. On average, equities analysts predict that Exxon Mobil will post 12.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil's dividend payout ratio (DPR) is presently 38.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares of the company's stock, valued at $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 of the company's stock, valued at $3,121,620.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,147 shares of company stock valued at $698,858. 0.04% of the stock is currently owned by corporate insiders.