In the last trading session, 21.06 million shares of the Exxon Mobil Corporation (NYSE:XOM) were traded, and its beta was 1.34. Most recently the company’s share price was $63.13, and it changed around $1.62 or 2.63% from the last close, which brings the market valuation of the company to $280.22B. XOM currently trades at a discount to its 52-week high of $66.38, offering almost -5.15% off that amount. The share price’s 52-week low was $37.28, which indicates that the current value has risen by an impressive 40.95% since then. We note from Exxon Mobil Corporation’s average daily trading volume that its 10-day average is 19.28 million shares, with the 3-month average coming to 20.61 million.
Exxon Mobil Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.70. If we narrow it down even further, the data shows that 3 out of 31 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 16 recommended XOM as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Exxon Mobil Corporation is expected to report earnings per share of $1.39 for the current quarter.
Exxon Mobil Corporation (NYSE:XOM) trade information
Instantly XOM has showed a green trend with a performance of 2.63% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 65.24 on Tuesday, 11/23/21 increased the stock’s daily price by 3.23%. The company’s shares are currently up 53.15% year-to-date, but still down -2.91% over the last five days. On the other hand, Exxon Mobil Corporation (NYSE:XOM) is -1.90% down in the 30-day period. We can see from the shorts that 41.21 million shares have been sold at a short interest cover period of 2.23 day(s).
The consensus price target as assigned by Wall Street analysts is $72.18, which translates to bulls needing to increase their stock price by 12.54% from its current value. Analyst projections state that XOM is forecast to be at a low of $50.00 and a high of $111.00. In order for the stock price to hit the forecast high, the stock would need to plunge -75.83% from its current level, while the stock would need to crash 20.8% from its current level to reach the projected low.
Exxon Mobil Corporation (XOM) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 872.20% in revenue this quarter, and will report an increase of 4,366.70% in the next quarter. The year-over-year growth rate is expected to be 56.40%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $72.8 billion in revenue for the current quarter. 9 analysts expect Exxon Mobil Corporation to make $76.32 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $46.01 billion and $46.54 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 58.20%. Forecasts for the next quarter put sales growth at 64.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.50%. Exxon Mobil Corporation earnings are expected to increase by -265.10% in 2021, but the outlook is positive 1.00% per year for the next five years.
Exxon Mobil Corporation’s next quarterly earnings report is expected to be released around January 31 and February 04. The annual dividend yield of the stock is 5.51 percent and its annual dividend per share was 3.48. It is important to note, however, that the 5.51% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.18 per year.
Exxon Mobil Corporation (NYSE:XOM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.12% of Exxon Mobil Corporation shares, and 53.45% of them are in the hands of institutional investors. The stock currently has a share float of 53.51%. Exxon Mobil Corporation stock is held by 3,276 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Jun 29, 2021, it held 8.34% of the shares, which is about 353.12 million shares worth $22.27 billion.
Blackrock Inc., with 6.37% or 269.82 million shares worth $17.02 billion as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select were the top two Mutual Funds as of Jun 29, 2021. The former held 119.57 million shares worth $7.54 billion, making up 2.82% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 96.11 million shares worth around $6.06 billion, which represents about 2.27% of the total shares outstanding.