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

Shares of NYSE:XOM opened at $92.32 on Tuesday. The firm's 50-day moving average is $90.19 and its 200 day moving average is $86.84. The company has a market capitalization of $384.76 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.31 and a beta of 1.09. Exxon Mobil has a 12 month low of $52.10 and a 12 month high of $105.57. 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 issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts' consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company's quarterly revenue was up 70.8% compared to the same quarter last year. Research analysts predict that Exxon Mobil will post 12.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.81%. Exxon Mobil's dividend payout ratio (DPR) is currently 38.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada raised shares of Exxon Mobil from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $90.00 to $100.00 in a research note on Thursday, April 21st. Piper Sandler upgraded shares of Exxon Mobil from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $102.00 to $109.00 in a research note on Tuesday, July 19th. Barclays increased their price objective on Exxon Mobil from $98.00 to $111.00 and gave the company an "overweight" rating in a report on Tuesday, May 31st. The Goldman Sachs Group increased their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a "buy" rating in a research note on Wednesday, June 8th. Finally, Cowen lifted their price objective on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $96.40.

Insider Activity

In other news, VP Darrin L. Talley sold 2,147 shares of the firm's stock in a transaction on 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 transaction, the vice president now directly owns 30,363 shares of the company's stock, valued at $3,121,620.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Darrin L. Talley sold 2,500 shares of the firm's 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil 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 sale, 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. Over the last quarter, insiders sold 7,147 shares of company stock valued at $698,858. Company insiders own 0.04% of the company's stock.