Exxon Mobil Corp. (NYSE:XOM) experienced a 3.11% increase in traded shares during the latest session, with a beta value of 1.04. The stock’s price reached $109.78, indicating a 3.11% increase in intraday trading. Despite being down 9.95% since its 52-week high of $120.70, the stock has still seen an impressive 11.28% increase since reaching its 52-week low of $97.40. With a valuation of $437.64 billion, Exxon Mobil has an average intraday trading volume of 23.7 million shares over the past 10 days and 17.00 million shares over the past 3 months.
Analysts have given Exxon Mobil Corp. a consensus recommendation of an Overweight, with a mean rating of 2.2. Of the 24 analysts looking at the stock, none have given it a Sell rating, while 13 advise to Hold and 11 recommend it as a Buy. The company is estimated to have current-quarter earnings per share of $2.34.
In the past five days, Exxon Mobil Corp. has seen a downward trend, despite the recent 3.11% increase. The stock’s weekly high on October 12th was $112.07, with a 5-day price performance of 2.44% and a 30-day performance of -7.37%. The year-to-date price performance stands at -0.47%. There are currently 44.43 million shares in short interest for Exxon Mobil Corp., with a 2.84 days time to cover.
Wall Street analysts suggest a consensus price target of $125.90 for Exxon Mobil Corp., representing a potential increase of 12.8% from the stock’s recent value. The target low and target high prices are $110.00 and $150.00, respectively. Currently, the stock is trading -36.64% off the suggested target high and -0.2% from its likely low.
When comparing Exxon Mobil Corp.’s share performance to its industry competitors, the company has underperformed. Over the last 6 months, its shares have dropped by 5.40%, and its year-to-date growth rate is lower than the industry average at -33.50% compared to -13.50%. Revenue for the company is projected to shrink by 47.40% this quarter and 34.40% next quarter. Additionally, analysts estimate a 16.50% decrease in revenue compared to the previous financial year.
According to 7 analysts, the current quarter’s revenue forecast for Exxon Mobil Corp. is $87.63 billion. For the quarter ending in December 2023, the estimated revenue growth is $86.77 billion. In the corresponding quarters of the previous fiscal year, sales brought in $112.07 billion and $95.43 billion, respectively. Analysts expect a 21.80% decrease in sales for the current quarter and a 9.10% decrease in the following quarter.
Looking at the company’s 5-year growth patterns, annual earnings grew by an estimated 23.41% during that period. However, projections for 2023 indicate a -33.04% return in earnings, and the next 5 years are expected to see an annual decrease of 9.48%.
Exxon Mobil Corp. will release its next earnings report on October 27th. While the company’s dividend yield ratio is 3.71 and the share yield is 3.37%, investors should consider other fundamental and operational aspects before making an investment decision. The average dividend yield for Exxon Mobil Corp. over the past 5 years is 0.00%.
Insiders hold 0.06% of the total outstanding shares of Exxon Mobil Corp., while institutional holders own 60.72% of the shares. Vanguard Group Inc. is the leading institutional holder, owning over 388.24 million shares, totaling roughly $42.71 billion. Blackrock Inc. is the second-largest institution, with 271.99 million shares or about 6.79% of shares outstanding, valued at $29.92 billion.
The top two Mutual Funds with the largest holdings of Exxon Mobil Corp. shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Vanguard Total Stock Market Index Fund holds approximately 126.07 million shares, or just over 3.15% of the total shares, with a market valuation of $13.87 billion. The other fund manager holds slightly less at 96.26 million shares, or 2.40% of the shares, valued at approximately $10.59 billion.
Sources:
– [Exxon Mobil Corp. (NYSE:XOM)’s traded shares](source1)
– [Consensus recommendation of an Overweight](source2)
– [Exxon Mobil Corp. estimates and forecasts](source3)
– [XOM Dividends](source4)
– [Exxon Mobil Corp. (NYSE:XOM)’s Major holders](source5)
[//]: # (Sources used in this article: source1, source2, source3, source4, source5)