Exxon Mobil Corp. (NYSE: XOM) Is A Risk Capital Investor’s Play

In the latest trading session, 4.51 million Exxon Mobil Corp. (NYSE:XOM) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $104.47 changed hands at -$0.03 or -0.02% at last look, the market valuation stands at $418.54B. XOM’s current price is a discount, trading about -15.54% off its 52-week high of $120.70. The share price had its 52-week low at $98.02, which suggests the last value was 6.17% up since then. When we look at Exxon Mobil Corp.’s average trading volume, we note the 10-day average is 19.23 million shares, with the 3-month average coming to 18.73 million.

Analysts gave the Exxon Mobil Corp. (XOM) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.93. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 4 assigning it an Overweight rating. Of the remaining, 11 recommended XOM as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Exxon Mobil Corp.’s EPS for the current quarter is expected to be $2.2.

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Exxon Mobil Corp. (NYSE:XOM) trade information

Instantly XOM was in red as seen in intraday trades today. With action 0.18%, the performance over the past five days has been green. The drop to weekly highs of 105.88 on Monday, 11/20/23 subtracted -0.02% to the stock’s daily price. The company’s shares are showing year-to-date downside of -5.28%, with the 5-day performance at 0.18% in the green. However, in the 30-day time frame, Exxon Mobil Corp. (NYSE:XOM) is -4.55% down. Looking at the short shares, we see there were 71.28 million shares sold at short interest cover period of 3.17 days.

The consensus price target for the stock as assigned by Wall Street analysts is $127.64, meaning bulls need an upside of 18.15% from its recent market value. According to analyst projections, XOM’s forecast low is $110.00 with $150.00 as the target high. To hit the forecast high, the stock’s price needs a -43.58% plunge from its current level, while the stock would need to soar -5.29% for it to hit the projected low.

Exxon Mobil Corp. (XOM) estimates and forecasts

Data shows that the Exxon Mobil Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.81% over the past 6 months, a -33.64% in annual growth rate that is considerably lower than the industry average of -16.50%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Exxon Mobil Corp. will fall -35.30%, while the growth in revenue is estimated to hit -18.70% for the next quarter. Year-over-year growth is forecast to reach -15.90% down from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $87.29 billion. 7 analysts are of the opinion that Exxon Mobil Corp.’s revenue for the quarter ending Mar 2024 will be $90.95 billion. The company’s revenue for the corresponding quarters a year ago was $95.43 billion and $86.56 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.50%. The estimates for the next quarter sales put growth at 5.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.41%. The 2023 estimates are for Exxon Mobil Corp. earnings to decrease by -33.49%, but the outlook for the next 5-year period is at 45.30% per year.

XOM Dividends

Exxon Mobil Corp. is expected to release its next quarterly earnings report between January 29 and February 02. The 3.55% annual yield figure for the share gives it an annual dividend of 3.70. It is important to note, however, that the 3.55% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Exxon Mobil Corp. (NYSE:XOM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.06% of Exxon Mobil Corp. shares while 60.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.75%. There are 60.72% institutions holding the Exxon Mobil Corp. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.70% of the shares, roughly 388.24 million XOM shares worth $41.64 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.79% or 271.99 million shares worth $29.17 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 126.07 million shares estimated at $13.52 billion under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.40% of the shares, roughly 96.26 million shares worth around $10.32 billion.

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