In the last trading session, 13.15 million Exxon Mobil Corp. (NYSE:XOM) shares changed hands as the company’s beta touched 0.95. With the company’s per share price at $113.79 changed hands at -$0.86 or -0.75% during last session, the market valuation stood at $451.50B. XOM’s last price was a discount, traded about -6.07% off its 52-week high of $120.70. The share price had its 52-week low at $95.77, which suggests the last value was 15.84% up since then. When we look at Exxon Mobil Corp.’s average trading volume, we note the 10-day average is 18.2 million shares, with the 3-month average coming to 18.54 million.
Exxon Mobil Corp. (NYSE:XOM) trade information
Instantly XOM was in red as seen at the end of in last trading. With action 0.62%, the performance over the past five days has been green. The drop to weekly highs of 115.78 subtracted -0.75% to the stock’s daily price. The company’s shares are showing year-to-date upside of 13.81%, with the 5-day performance at 0.62% in the green. However, in the 30-day time frame, Exxon Mobil Corp. (NYSE:XOM) is 9.15% up. Looking at the short shares, we see there were 106.45 million shares sold at short interest cover period of 5.81 days.
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 -2.10% over the past 6 months, a -4.31% in annual growth rate that is considerably lower than the industry average of 2.00%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Exxon Mobil Corp. will fall -30.40%, while the growth in revenue is estimated to hit 4.60% for the next quarter. Year-over-year growth is forecast to reach -3.70% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of $74.2 billion. 7 analysts are of the opinion that Exxon Mobil Corp.’s revenue for the quarter ending Jun 2024 will be $76.51 billion. The company’s revenue for the corresponding quarters a year ago was $86.56 billion and $82.91 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -14.30%. The estimates for the next quarter sales put growth at -7.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 12.74%. The 2024 estimates are for Exxon Mobil Corp. earnings to decrease by -8.35%, but the outlook for the next 5-year period is at -2.00% per year.
XOM Dividends
Exxon Mobil Corp. is expected to release its next quarterly earnings report on April 03. The 3.27% annual yield figure for the share gives it an annual dividend of 3.72. It is important to note, however, that the 3.27% 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 62.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.93%. There are 62.89% institutions holding the Exxon Mobil Corp. stock share, with Vanguard Group Inc the top institutional holder. As of Dec 30, 2023, the company held 9.79% of the shares, roughly 388.54 million XOM shares worth $44.21 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.87% or 272.51 million shares worth $31.01 billion as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 125.73 million shares estimated at $14.31 billion under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.47% of the shares, roughly 97.85 million shares worth around $11.13 billion.
