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.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Royal Bank of Canada raised Exxon Mobil from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. Cowen upped their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Barclays upped their price target on Exxon Mobil from $98.00 to $111.00 and gave the company an "overweight" rating in a research report on Tuesday, May 31st. Argus upped their target price on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Finally, Cowen upped their price target on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $96.40.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE:XOM opened at $91.45 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. Exxon Mobil has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The firm's 50-day simple moving average is $90.64 and its 200-day simple moving average is $86.24. The company has a market cap of $381.13 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.30 and a beta of 1.09.

Exxon Mobil (NYSE:XOM - Get Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating 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 firm 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 earned $1.10 earnings per share. Exxon Mobil's revenue was up 70.8% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil will post 12.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.85%. Exxon Mobil's dividend payout ratio is currently 38.51%.

Insider Activity at Exxon Mobil

In other news, Director Jeffrey W. Ubben acquired 960,000 shares of Exxon Mobil stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares of the company's stock, valued at $100,635,870. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey W. Ubben bought 960,000 shares of Exxon Mobil stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company's stock, valued at $2,635,839.80. The disclosure for this sale can be found here. Insiders sold 7,147 shares of company stock worth $698,858 in the last 90 days. Corporate insiders own 0.04% of the company's stock.