Gains May Be On The Menu For Exxon Mobil Corp. (NYSE: XOM)

Currently, there are 3.97B common shares owned by the public and among those 3.96B shares have been available to trade.

The company’s stock has a 5-day price change of 2.42% and 14.34% over the past three months. XOM shares are trading 16.26% year to date (YTD), with the 12-month market performance up to 8.51% higher. 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 18.45 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 5.61%, 10.49%, and 9.31% respectively.

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Institutional ownership of Exxon Mobil Corp. (NYSE: XOM) shares accounts for 62.81% of the company’s 3.97B shares outstanding.

It has a market capitalization of $461.22B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 13.09, while the earnings-per-share (ttm) stands at $8.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.30% over the week and 1.34% over the month.

Analysts forecast that Exxon Mobil Corp. (XOM) will achieve an EPS of $2.2 for the current quarter, $2.24 for the next quarter and $9.75 for 2025. The lowest estimate earnings-per-share for the quarter is $1.89 while analysts give the company a high EPS estimate of $2.83. Comparatively, EPS for the current quarter was $2.83 a year ago. Earnings per share for the fiscal year are expected to decrease by -8.00%, and 10.37% over the next financial year. EPS should shrink at an annualized rate of -2.00% 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. Redburn Atlantic coverage for the Exxon Mobil Corp. (XOM) stock in a research note released on January 09, 2024 offered a Buy rating with a price target of $119. Mizuho was of a view on January 03, 2024 that the stock is Neutral, while TD Cowen gave the stock Market Perform rating on December 08, 2023, issuing a price target of $118- $115. TD Cowen on their part issued Market Perform rating on December 01, 2023.

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