Exxon Mobil Corp. (NYSE: XOM) Could Be A Good Bet If You’re A Risk-Capital Investor

In today’s recent session, 3.32 million shares of the Exxon Mobil Corp. (NYSE:XOM) have been traded, and its beta is 0.96. Most recently the company’s share price was $116.57, and it changed around $0.33 or 0.28% from the last close, which brings the market valuation of the company to $462.51B. XOM at last check was trading at a discount to its 52-week high of $120.70, offering almost -3.54% off that amount. The share price’s 52-week low was $95.77, which indicates that the recent value has risen by an impressive 17.84% since then. We note from Exxon Mobil Corp.’s average daily trading volume that its 10-day average is 17.37 million shares, with the 3-month average coming to 18.48 million.

Exxon Mobil Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 2.08. If we narrow it down even further, the data shows that 0 out of 26 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 11 recommended XOM as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Exxon Mobil Corp. is expected to report earnings per share of $2.22 for the current quarter.

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Exxon Mobil Corp. (NYSE:XOM) trade information

Instantly XOM has been showing a green trend so far today with a performance of 0.28% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 16.59% year-to-date, but still up 2.71% over the last five days. On the other hand, Exxon Mobil Corp. (NYSE:XOM) is 11.52% up in the 30-day period. We can see from the shorts that 109.06 million shares have been sold at a short interest cover period of 5.74 day(s).

The consensus price target as assigned by Wall Street analysts is $106.42, which translates to bulls needing to decrease their stock price by -9.54% from its current value. Analyst projections state that XOM is forecast to be at a low of $46 and a high of $139.

Exxon Mobil Corp. (XOM) estimates and forecasts

Exxon Mobil Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.43 percent over the past six months and at a -4.31% annual growth rate that is well below the industry average of 2.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -21.60% in revenue this quarter, and will report an increase of 16.00% in the next quarter. The year-over-year growth rate is expected to be -3.40%, down from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $77.47 billion in revenue for the current quarter. 8 analysts expect Exxon Mobil Corp. to make $80.05 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $86.56 billion and $82.91 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.50%. Forecasts for the next quarter put sales growth at -3.50%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.74%. Exxon Mobil Corp. earnings are expected to increase by -7.55% in 2024, but the outlook is negative -2.00% per year for the next five years.

XOM Dividends

Exxon Mobil Corp.’s next quarterly earnings report is expected to be released on April 03. The annual dividend yield of the stock is 3.19 percent and its annual dividend per share was 3.72. It is important to note, however, that the 3.19% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 0.06% of Exxon Mobil Corp. shares, and 62.89% of them are in the hands of institutional investors. The stock currently has a share float of 62.93%. Exxon Mobil Corp. stock is held by 4,429 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 9.70% of the shares, which is about 388.24 million shares worth $41.64 billion.

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

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 126.07 million shares worth $13.52 billion, making up 3.15% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 96.26 million shares worth around $10.32 billion, which represents about 2.40% of the total shares outstanding.