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 Down 0.3 %

Exxon Mobil stock traded down $0.30 during trading on Friday, reaching $94.08. 16,033,867 shares of the company's stock were exchanged, compared to its average volume of 29,068,133. 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 has a 52-week low of $52.11 and a 52-week high of $105.57. The firm has a market cap of $392.09 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.31 and a beta of 1.09. The company's 50-day moving average is $89.55 and its two-hundred day moving average is $87.04.

Exxon Mobil (NYSE:XOM - Get Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (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 analysts' expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm's revenue for the quarter was up 70.8% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. On average, analysts predict 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 issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Thursday, August 11th. Exxon Mobil's dividend payout ratio is 38.51%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XOM. Morgan Stanley lowered their target price on shares of Exxon Mobil from $107.00 to $106.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 19th. Bank of America increased their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, August 1st. Argus boosted their target price on Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. Citigroup raised their price objective on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, May 19th. Finally, Cowen upped their price target on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Hold" and an average target price of $96.40.

Insiders Place Their Bets

In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the acquisition, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jeffrey W. Ubben purchased 960,000 shares of Exxon Mobil stock in a transaction on Thursday, August 4th. The stock was bought at an average price 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 of the company's stock, valued at $100,635,870. The acquisition was disclosed in a 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 Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders sold a total of 7,147 shares of company stock worth $698,858 over the last ninety days. 0.04% of the stock is currently owned by company insiders.