During the recent session, Exxon Mobil Corporation (NYSE:XOM)’s traded shares were 1.65 million, with the beta value of the company hitting 1.09. At the last check today, the stock’s price was $106.45, reflecting an intraday gain of 0.75% or $0.79. The 52-week high for the XOM share is $119.92, that puts it down -12.65 from that peak though still a striking 24.2% gain since the share price plummeted to a 52-week low of $80.69. The company’s market capitalization is $425.21B, and the average intraday trading volume over the past 10 days was 13.85 million shares, and the average trade volume was 16.17 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 2.30. XOM has a Sell rating from 1 analyst(s) out of 27 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 14 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 $2.3.
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Exxon Mobil Corporation (NYSE:XOM) trade information
Exxon Mobil Corporation (XOM) registered a 0.75% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.75% in intraday trading to $106.45 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 0.18%, and it has moved by -8.89% in 30 days. Based on these gigs, the overall price performance for the year is 10.54%. The short interest in Exxon Mobil Corporation (NYSE:XOM) is 33.52 million shares and it means that shorts have 2.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $127.48, which implies an increase of 16.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $110.00 and $146.00 respectively. As a result, XOM is trading at a discount of -37.15% off the target high and -3.33% off the low.
Exxon Mobil Corporation (XOM) estimates and forecasts
Statistics show that Exxon Mobil Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Exxon Mobil Corporation (XOM) shares have gone down -6.30% during the last six months, with a year-to-date growth rate less than the industry average at -31.79% against -18.70. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -44.40% this quarter and then drop -47.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -11.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $89.11 billion as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $89.36 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $115.68 billion and $112.07 billion respectively. In this case, analysts expect current quarter sales to shrink by -23.00% and then drop by -20.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 32.60%. While earnings are projected to return 146.40% in 2023, the next five years will return -10.74% per annum.
Exxon Mobil Corporation is due to release its next quarterly earnings between July 27 and July 31. 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 3.64, with the dividend yield indicating at 3.45 percent, continuing the trend of increasing dividends in recent years.
Exxon Mobil Corporation (NYSE:XOM)’s Major holders
Exxon Mobil Corporation insiders own 0.06% of total outstanding shares while institutional holders control 60.91%, with the float percentage being 60.95%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 4,132 institutions own stock in it. As of Mar 30, 2023, the company held over 392.92 million shares (or 9.72% of all shares), a total value of $41.54 billion in shares.
The next largest institutional holding, with 277.97 million shares, is of Blackrock Inc.’s that is approximately 6.88% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $29.38 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 Vanguard 500 Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 125.18 million shares. This amounts to just over 3.08 percent of the company’s overall shares, with a $13.23 billion market value. The same data shows that the other fund manager holds slightly less at 95.2 million, or about 2.35% of the stock, which is worth about $10.06 billion.