Reviewing The Case For Exxon Mobil Corp (XOM) Going Higher

Currently, there are 4.39B common shares owned by the public and among those 4.39B shares have been available to trade.

The company’s stock has a 5-day price change of -4.48% and -9.79% over the past three months. XOM shares are trading 5.89% year to date (YTD), with the 12-month market performance up to 4.54% 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 15.11 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 -6.64%, -9.76%, and -8.96% respectively.

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Institutional ownership of Exxon Mobil Corp (NYSE: XOM) shares accounts for 65.27% of the company’s 4.39B shares outstanding.

It has a market capitalization of $466.90B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 13.19, while the earnings-per-share (ttm) stands at $8.03. The company has a PEG of 2.93 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 1.86% over the week and 1.64% over the month.

Earnings per share for the fiscal year are expected to decrease by -16.29%, and -0.88% over the next financial year. EPS should shrink at an annualized rate of 4.50% 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 Buy rating for the stock in a research note on December 16, 2024, with the firm’s price target at $132-$128. TD Cowen coverage for the Exxon Mobil Corp (XOM) stock in a research note released on November 19, 2024 offered a Buy rating with a price target of $132. TD Cowen was of a view on November 04, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on October 17, 2024, issuing a price target of $124. Scotiabank on their part issued Sector Outperform rating on October 10, 2024.

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