Exxon Mobil Corp. (NYSE: XOM): Can A Stock Be 22.58% Higher Year-To-Date And Still Be A Loser?

Exxon Mobil Corp. (NYSE:XOM)’s traded shares stood at 3.11 million during the latest session, with the company’s beta value hitting 0.87. At the last check today, the stock’s price was $122.56, to imply an increase of 0.86% or $1.04 in intraday trading. The XOM share’s 52-week high remains $123.75, putting it -0.97% down since that peak but still an impressive 21.86% since price per share fell to its 52-week low of $95.77. The company has a valuation of $544.51B, with an average of 17.72 million shares in intraday trading volume over the past 10 days and average of 14.03 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Exxon Mobil Corp. (XOM), translating to a mean rating of 2.10. Of 26 analyst(s) looking at the stock, 0 analyst(s) give XOM a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 18 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.97.

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Exxon Mobil Corp. (NYSE:XOM) trade information

After registering a 0.86% upside in the latest session, Exxon Mobil Corp. (XOM) has traded red over the past five days. The 5-day price performance for the stock is 8.65%, and 7.45% over 30 days. With these gigs, the year-to-date price performance is 22.58%. Short interest in Exxon Mobil Corp. (NYSE:XOM) saw shorts transact 43.66 million shares and set a 3.22 days time to cover.

The extremes give us $60 and $154 for target low and target high price respectively. As such, XOM has been trading -25.65% off suggested target high and 51.04% from its likely low.

Exxon Mobil Corp. (XOM) estimates and forecasts

Looking at statistics comparing Exxon Mobil Corp. share performance against respective industry, we note that the company has underperformed competitors. Exxon Mobil Corp. (XOM) shares are 2.37% up over the last 6 months, with its year-to-date growth rate lower than industry average at -14.92% against -6.40%. Revenue is forecast to shrink -13.20% this quarter before falling -23.80% for the next one. The rating firms project that company’s revenue will grow 1.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 7 analysts is 96.14B. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 90.26B.Earnings reports from the last fiscal year show that sales brought in 90.76B and 84.34B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 5.90% before jumping 7.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 12.74% for the past 5-year period. While 2024 is set for a -14.58% return in earnings, projections for the next 5 years are at 5.20% annually.

XOM Dividends

Exxon Mobil Corp. has its next earnings report out on 2024-Oct-25. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Exxon Mobil Corp. has a forward dividend ratio of 3.80, with the share yield ticking at 3.10% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 5.06%.

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

Exxon Mobil Corp. insiders hold 0.05% of total outstanding shares, with institutional holders owning 64.75% of the shares at 64.78% float percentage. In total, 64.75% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 433.05 million shares (or 10.8316% of shares), all amounting to roughly $49.85 billion.

The next major institution holding the largest number of shares is BLACKROCK INC. with 303.41 million shares, or about 7.5889% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $34.93 billion.