Exxon Mobil Corp. (XOM) stock price forecast predicts $106.42 value

A share price of Exxon Mobil Corp. [XOM] is currently trading at $112.30, up 0.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The XOM shares have gain 3.01% over the last week, with a monthly amount glided 8.26%, and seem to be holding up well over a long-time horizon.

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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. experienced fluctuations in its stock price throughout the past year between $95.77 and $120.70. 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 $112.30 at the most recent close of the market. An investor can expect a potential drop of -5.24% based on the average XOM price forecast.

Analyzing the XOM fundamentals

Trailing Twelve Months sales for Exxon Mobil Corp. [NYSE:XOM] were 333.71B which represents -12.28% decline. 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 111.31 points at the first support level, and at 110.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.07, and for the 2nd resistance point, it is at 113.85.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Exxon Mobil Corp. [NYSE:XOM] is 1.48. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 12.65.

Transactions by insiders

Recent insider trading involved Talley Darrin L, Vice President, that happened on Feb 22 ’24 when 2400.0 shares were sold. Vice President and Controller, Fox Leonard M. completed a deal on Dec 18 ’23 to sell 12000.0 shares. Meanwhile, Director UBBEN JEFFREY W sold 2.08 million shares on Nov 28 ’23.

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