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 Trading Down 4.4 %

Shares of NYSE:XOM traded down $4.13 during midday trading on Monday, reaching $89.87. The company had a trading volume of 115,815 shares, compared to its average volume of 29,477,059. Exxon Mobil has a one year low of $52.10 and a one year high of $105.57. The stock has a market cap of $374.55 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $90.32 and its 200-day moving average price is $86.72.

Exxon Mobil (NYSE:XOM - Get Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analysts' expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company's revenue was up 70.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. On average, equities research analysts anticipate 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 given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, August 11th. Exxon Mobil's dividend payout ratio (DPR) is presently 38.51%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, August 1st. StockNews.com lowered shares of Exxon Mobil from a "buy" rating to a "hold" rating in a research report on Monday, May 2nd. Royal Bank of Canada raised shares of 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. Credit Suisse Group reiterated an "outperform" rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday. Finally, HSBC upped their target price on Exxon Mobil from $92.50 to $97.50 and gave the stock a "hold" rating in a research report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $96.40.

Insiders Place Their Bets

In other news, Director Jeffrey W. Ubben acquired 960,000 shares of the firm's stock in a transaction on 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 transaction, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares of the company's stock, valued at approximately $3,142,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey W. Ubben bought 960,000 shares of Exxon Mobil stock in a transaction dated Thursday, August 4th. The stock was purchased at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the purchase, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 7,147 shares of company stock valued at $698,858. 0.04% of the stock is currently owned by insiders.