Exxon Mobil Corp. (NYSE: XOM) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 4.08B common shares owned by the public and among those 3.99B shares have been available to trade.

Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 442,000 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 5,764 shares.

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The company’s stock has a 5-day price change of 1.93% and 0.07% over the past three months. XOM shares are trading 3.75% year to date (YTD), with the 12-month market performance down to -10.63% lower. It has a 12-month low price of $95.77 and touched a high of $120.70 over the same period. XOM has an average intraday trading volume of 20.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.08%, 2.86%, and -2.18% respectively.

Institutional ownership of Exxon Mobil Corp. (NYSE: XOM) shares accounts for 62.15% of the company’s 4.08B shares outstanding.

It has a market capitalization of $414.58B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 11.67, while the earnings-per-share (ttm) stands at $8.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 1.98% over the month.

Analysts forecast that Exxon Mobil Corp. (XOM) will achieve an EPS of $1.91 for the current quarter, $2.02 for the next quarter and $8.89 for 2025. The lowest estimate earnings-per-share for the quarter is $1.56 while analysts give the company a high EPS estimate of $2.53. Comparatively, EPS for the current quarter was $2.83 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.04%, and 7.36% over the next financial year. EPS should shrink at an annualized rate of -10.74% over the next five years, compared to 12.74% over the past 5-year period.

Looking at the support for the XOM, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on January 23, 2024, with the firm’s price target at $115.

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