Exxon Mobil Corporation (NYSE: XOM) Stock Dropped -4.35% Over A Month – Is There Any Hope Of A Gain? – Marketing Sentinel
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Exxon Mobil Corporation (NYSE: XOM) Stock Dropped -4.35% Over A Month – Is There Any Hope Of A Gain?

During the recent session, Exxon Mobil Corporation (NYSE:XOM)’s traded shares were 6.11 million, with the beta value of the company hitting 0.98. At the last check today, the stock’s price was $87.44, reflecting an intraday loss of -0.48% or -$0.42. The 52-week high for the XOM share is $105.57, that puts it down -20.73 from that peak though still a striking 40.42% gain since the share price plummeted to a 52-week low of $52.10. The company’s market capitalization is $392.76B, and the average intraday trading volume over the past 10 days was 34.94 million shares, and the average trade volume was 28.70 million shares over the past three months.

Exxon Mobil Corporation (XOM) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.50. XOM has a Sell rating from 1 analyst(s) out of 28 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $3.01.

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Exxon Mobil Corporation (NYSE:XOM) trade information

Exxon Mobil Corporation (XOM) registered a -0.48% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.48% in intraday trading to $87.44 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -8.57%, and it has moved by -4.35% in 30 days. Based on these gigs, the overall price performance for the year is 37.73%. The short interest in Exxon Mobil Corporation (NYSE:XOM) is 50.71 million shares and it means that shorts have 1.61 day(s) to cover.

The consensus price target of analysts on Wall Street is $101.37, which implies an increase of 13.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $77.00 and $128.00 respectively. As a result, XOM is trading at a discount of -46.39% off the target high and 11.94% off the low.

Exxon Mobil Corporation (XOM) estimates and forecasts

Statistics show that Exxon Mobil Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Exxon Mobil Corporation (XOM) shares have gone up 48.51% during the last six months, with a year-to-date growth rate more than the industry average at 90.71% against -4.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 173.60% this quarter and then jump 84.80% in the quarter after that. In the rating firms’ projections, revenue will increase 57.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $112.91 billion as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $119.41 billion by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 23.40%. While earnings are projected to return 202.20% in 2022, the next five years will return 28.25% per annum.

XOM Dividends

Exxon Mobil Corporation is due to release its next quarterly earnings on July 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Exxon Mobil Corporation is 3.52, with the dividend yield indicating at 4.01 percent, continuing the trend of increasing dividends in recent years.

Exxon Mobil Corporation (NYSE:XOM)’s Major holders

Exxon Mobil Corporation insiders own 0.07% of total outstanding shares while institutional holders control 56.85%, with the float percentage being 56.89%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 3,735 institutions own stock in it. As of Mar 30, 2022, the company held over 364.43 million shares (or 8.65% of all shares), a total value of $30.1 billion in shares.

The next largest institutional holding, with 275.08 million shares, is of Blackrock Inc.’s that is approximately 6.53% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $22.72 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Exxon Mobil Corporation (XOM) shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 122.21 million shares. This amounts to just over 2.90 percent of the company’s overall shares, with a $10.09 billion market value. The same data shows that the other fund manager holds slightly less at 98.75 million, or about 2.34% of the stock, which is worth about $8.42 billion.

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