Now Is A Suitable Moment For A Long-Term Purchase Of Exxon Mobil Corp. (NYSE: XOM)

Currently, there are 4.44B common shares owned by the public and among those 4.44B shares have been available to trade.

The company’s stock has a 5-day price change of -0.98% and 7.29% over the past three months. XOM shares are trading 23.63% year to date (YTD), with the 12-month market performance up to 16.08% higher. It has a 12-month low price of $95.77 and touched a high of $126.34 over the same period. XOM has an average intraday trading volume of 14.32 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 4.19%, 5.75%, and 9.79% respectively.

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Institutional ownership of Exxon Mobil Corp. (NYSE: XOM) shares accounts for 64.70% of the company’s 4.44B shares outstanding.

It has a market capitalization of $549.18B and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 14.80, while the earnings-per-share (ttm) stands at $8.35. The company has a PEG of 2.47 and a Quick Ratio of 1.01 with the debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.40% over the week and 1.88% over the month.

Earnings per share for the fiscal year are expected to decrease by -15.88%, and 3.36% over the next financial year. EPS should shrink at an annualized rate of 6.00% 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. Scotiabank stated their Sector Outperform rating for the stock in a research note on October 10, 2024, with the firm’s price target at $129-$145. Exane BNP Paribas coverage for the Exxon Mobil Corp. (XOM) stock in a research note released on October 09, 2024 offered a Underperform rating with a price target of $105. Redburn Atlantic was of a view on September 24, 2024 that the stock is Neutral, while Wolfe Research gave the stock Outperform rating on July 18, 2024, issuing a price target of $146. Truist on their part issued Hold rating on June 07, 2024.

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