Exxon Mobil Corp. (NYSE: XOM) Disappoints Wall Street With -2.30% Stock Price Loss

Exxon Mobil Corp. (NYSE:XOM) has a beta value of 0.89 and has seen 16.06 million shares traded in the last trading session. The company, currently valued at $520.68B, closed the last trade at $116.07 per share which meant it lost -$2.73 on the day or -2.30% during that session. The XOM stock price is -6.62% off its 52-week high price of $123.75 and 17.49% above the 52-week low of $95.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.92 million shares traded. The 3-month trading volume is 17.23 million shares.

The consensus among analysts is that Exxon Mobil Corp. (XOM) is Buy stock at the moment, with a recommendation rating of 2.03. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 25 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight.

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Exxon Mobil Corp. (NYSE:XOM) trade information

Sporting -2.30% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the XOM stock price touched $116.07 or saw a rise of 3.21%. Year-to-date, Exxon Mobil Corp. shares have moved 16.09%, while the 5-day performance has seen it change 2.47%. Over the past 30 days, the shares of Exxon Mobil Corp. (NYSE:XOM) have changed 6.12%. Short interest in the company has seen 42.1 million shares shorted with days to cover at 2.31.

Wall Street analysts have a consensus price target for the stock at $124.5, which means that the shares’ value could jump 6.77% from current levels. The projected low price target is $60 while the price target rests at a high of $154. In that case, then, we find that the current price level is -32.68% off the targeted high while a plunge would see the stock lose 48.31% from current levels.

Exxon Mobil Corp. (XOM) estimates and forecasts

Figures show that Exxon Mobil Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 19.91% over the past 6 months, with this year growth rate of -9.14%, compared to -5.90% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 12.74% over the past 5 years. Earnings growth for 2024 is a modest -7.73% while over the next 5 years, the company’s earnings are expected to increase by 5.15%.

XOM Dividends

Exxon Mobil Corp. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.76 at a share yield of 3.24%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.14%.

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

The top two institutional holders are VANGUARD GROUP INC with over 383.94 million shares worth more than $44.63 billion. As of 2024-03-31, VANGUARD GROUP INC held 9.6686% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 272.71 million shares as of 2024-03-31. The firm’s total holdings are worth over $31.7 billion and represent 6.8675% of shares outstanding.