Exxon Mobil Corporation (XOM): Here Are Some Research Recommendations

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Exxon Mobil Corporation (NYSE:XOM) finished Thursday with an addition of $0.82 to close at $109.20, an upside of 0.76 percent. An average of 11,590,560 shares of common stock have been traded in the last five days. There was a gain of $1.14 in the past week, and it reached a new high 44 times over the past 12 months. The last 20 days have seen an average of 18,235,449 shares traded, while the 50-day average volume stands at 18,341,342.

XOM stock has decreased by -1.21% in the last month. The company shares reached their 1-month lowest point of $102.37 on 12/07/22. With the stock rallying to its 52-week high on 11/08/22, shares of the company touched a low of $60.70 and a high of $114.66 in 52 weeks. It has reached a new high 43 times so far this year and achieved 78.46% or $48.01 in price. In spite of this, the price is down -4.77% from the 52-week high.


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Insider Transactions

XOM stock investors should be aware that Exxon Mobil Corporation (XOM) stock had its last reported insider trading activity 15 days ago on Dec 15. In this transaction, the insider spent $1,256,194. Vice President, Talley Darrin L, disposed of 2,500 shares at a price of $105.00 on Dec 09. The insider now owns more than $262,500 worth of shares. Prior to that, Vice President Talley Darrin L went on to Sale 2,500 shares at $110.47 each on Oct 31. An amount of $276,182 was transacted.

Valuation Metrics

Exxon Mobil Corporation (XOM) has a trailing price-to-earnings (P/E) ratio of 8.91. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.13, the price-to-book (PB) ratio at 2.46, and the price-to-cash flow ratio at 9.81.

The company has a payout ratio of 21.50%. The company’s most recent quarterly dividend payment was $0.91 a share, representing a up of 3.41% from $0.88 last year. Its latest increase dividend $0.03 reported on Thursday October 27 2022.

Financial Health

The quick ratio of Exxon Mobil Corporation for the three months ended September 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.24 for the quarter ending September 29. Its gross profit as reported stood at $64.2 billion compared to revenue of $285.64 billion.

Earnings Surprise

For the three-month period that ended September 29, Exxon Mobil Corporation had $39.25 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $19.66 billion in the quarter, while revenues of $17.85 billion were grew 65.67%. The analyst consensus anticipated Exxon Mobil Corporation’s latest quarter earnings to come in at $3.79 per share, but it turned out to be $4.45, a 17.40% surprise. For the quarter, EBITDA amounted to $31.27 billion. Shareholders own equity worth $4.12 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Exxon Mobil Corporation (XOM) price momentum. RSI 9-day as of the close on 29 December was 56.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.97%.

As of today, XOM’s price is $108.47 +1.05% or $1.14 from its 5-day moving average. XOM is currently trading -1.92% lower than its 20-day SMA and +22.77% higher than its 100-day SMA. However, the stock’s current price level is +8.33% above the SMA50 and +41.41% above the SMA200.

The stochastic %K and %D were 83.64% and 90.32%, respectively, and the average true range (ATR) was 2.51. With the 14-day stochastic at 82.75% and the average true range at 2.61, the RSI (14) stands at 53.93%. The stock has reached 1.82 on the 9-day MACD Oscillator while the 14-day reading was at 2.42.

Analyst Ratings

Exane BNP Paribas upgraded Exxon Mobil Corporation (NYSE: XOM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Exxon Mobil Corporation (XOM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell XOM, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.

What is XOM’s price target for the next 12 months?

Analysts predict a range of price targets between $90.00 and $138.00, with a median target of $120.00. Taking a look at these predictions, the average price target given by analysts for Exxon Mobil Corporation (XOM) stock is $118.89.

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