In the last trading session, 14.77 million shares of the Exxon Mobil Corp. (NYSE:XOM) were traded, and its beta was 0.87. Most recently the company’s share price was $122.04, and it changed around -$3.33 or -2.66% from the last close, which brings the market valuation of the company to $542.20B. XOM currently trades at a discount to its 52-week high of $126.34, offering almost -3.52% off that amount. The share price’s 52-week low was $95.77, which indicates that the current value has risen by an impressive 21.53% since then. We note from Exxon Mobil Corp.’s average daily trading volume that its 10-day average is 16.71 million shares, with the 3-month average coming to 14.30 million.
Exxon Mobil Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 2.17. If we narrow it down even further, the data shows that 5 out of 25 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 11 recommended XOM as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. Exxon Mobil Corp. is expected to report earnings per share of 1.96 for the current quarter.
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Exxon Mobil Corp. (NYSE:XOM) trade information
Instantly XOM has showed a red trend with a performance of -2.66% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 126.34 on recent trading dayincreased the stock’s daily price by 3.4%. The company’s shares are currently up 22.06% year-to-date, but still up 1.76% over the last five days. On the other hand, Exxon Mobil Corp. (NYSE:XOM) is 6.11% up in the 30-day period. We can see from the shorts that 43.66 million shares have been sold at a short interest cover period of 3.22 day(s).
The consensus price target as assigned by Wall Street analysts is $120, which translates to bulls needing to decrease their stock price by -1.7% from its current value. Analyst projections state that XOM is forecast to be at a low of $60 and a high of $154.
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 risen 0.71 percent over the past six months and at a -14.92% annual growth rate that is well below the industry average of -7.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -13.70% in revenue this quarter, and will report a decrease of -24.20% in the next quarter. The year-over-year growth rate is expected to be 1.10%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 95.61B in revenue for the current quarter. 7 analysts expect Exxon Mobil Corp. to make 89.93B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 90.76B and 84.34B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.30%. Forecasts for the next quarter put sales growth at 6.60%.
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 -15.35% in 2024, but the outlook is positive 6.00% per year for the next five years.
XOM Dividends
Exxon Mobil Corp.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 3.11 percent and its annual dividend per share was 3.80. It is important to note, however, that the 3.11% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.06 per year.
Exxon Mobil Corp. (NYSE:XOM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.05% of Exxon Mobil Corp. shares, and 64.73% of them are in the hands of institutional investors. The stock currently has a share float of 64.75%. Exxon Mobil Corp. stock is held by 4621.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.8316% of the shares, which is about 433.05 million shares worth $49.85 billion.
BLACKROCK INC., with 7.5889% or 303.41 million shares worth $34.93 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
