Exxon Mobil Corp. [XOM] stock is trading at $105.84, up 1.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The XOM shares have gain 1.93% over the last week, with a monthly amount glided 2.95%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, ExxonMobil Obtains Exemption from Canadian Oil and Gas Reporting Obligations. In a post published today on Yahoo Finance, Exxon Mobil Corporation (NYSE: XOM) announced today that the securities commissions for the provinces of Alberta and Ontario have issued a decision document (the Decision), which has the effect of granting ExxonMobil exemptive relief from the disclosure requirements contained in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101).
From an analyst’s perspective:
Exxon Mobil Corp. [NYSE: XOM] stock has seen the most recent analyst activity on January 23, 2024, when TD Cowen upgraded its rating to a Outperform but kept the price target unchanged to $115 for it. Previously, Redburn Atlantic upgraded its rating to Buy on January 09, 2024, and elevated its price target to $119. On January 03, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $117 on the stock. TD Cowen reiterated its Market Perform rating and decreased its price target to $115 on December 08, 2023. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $118 on December 01, 2023. Bernstein started tracking with a Outperform rating for this stock on October 17, 2023, and assigned it a price target of $140. In a note dated October 12, 2023, Truist upgraded an Buy rating on this stock and boosted its target price from $110 to $131.
Exxon Mobil Corp. [XOM] stock has fluctuated between $95.77 and $120.70 over the past year. Currently, Wall Street analysts expect the stock to reach $106.42 within the next 12 months. Exxon Mobil Corp. [NYSE: XOM] shares were valued at $105.84 at the most recent close of the market. An investor can expect a potential return of 0.55% based on the average XOM price forecast.
Analyzing the XOM fundamentals
Exxon Mobil Corp. [NYSE:XOM] reported sales of 333.71B for the trailing twelve months, which represents a drop of -12.28%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.18 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 105.35 points at the first support level, and at 104.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.36, and for the 2nd resistance point, it is at 106.88.
Exxon Mobil Corp. [XOM] reported earnings per share of $2.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.21/share, meaning a difference of $0.27 and a surprise factor of 12.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.27 per share as compared to estimates of $2.37 per share, a difference of -$0.1 representing a surprise of -4.20%.
Ratios To Look Out For
For context, Exxon Mobil Corp.’s Current Ratio is 1.48. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 2.05 and price to earnings (TTM) ratio is 11.92.
Transactions by insiders
Recent insider trading involved Talley Darrin L, Vice President, that happened on Feb 22 when 2400.0 shares were sold. Vice President and Controller, Fox Leonard M. completed a deal on Dec 18 to sell 12000.0 shares. Meanwhile, Director UBBEN JEFFREY W sold 2.08 million shares on Nov 28.
