Exxon Mobil Corp. (XOM) stock hits $114.05: Is it a good time to buy or wait for a dip?

A share price of Exxon Mobil Corp. [XOM] is currently trading at $114.05, up 2.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The XOM shares have gain 4.53% over the last week, with a monthly amount drifted -1.24%, and not 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 June 07, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $124 from $146. On April 30, 2024, TD Cowen reiterated its Buy rating and revised its price target to $135 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $147 on April 10, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $120 on April 01, 2024. TD Cowen upgraded its rating to Outperform for this stock on January 23, 2024, but kept the price target unchanged to $115. In a note dated January 09, 2024, Redburn Atlantic upgraded an Buy rating on this stock and boosted its target price from $116 to $119.

Exxon Mobil Corp. experienced fluctuations in its stock price throughout the past year between $95.77 and $123.75. Currently, Wall Street analysts expect the stock to reach $115.73 within the next 12 months. Exxon Mobil Corp. [NYSE: XOM] shares were valued at $114.05 at the most recent close of the market. An investor can expect a potential return of 1.47% based on the average XOM price forecast.

Analyzing the XOM fundamentals

Trailing Twelve Months sales for Exxon Mobil Corp. [NYSE:XOM] were 331.92B which represents -2.16% decline. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.16 and Total Capital is 0.14. 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 112.29 points at the first support level, and at 110.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.17, and for the 2nd resistance point, it is at 116.29.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Exxon Mobil Corp. [NYSE:XOM] is 1.38. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 2.19 and price to earnings (TTM) ratio is 13.99.

Transactions by insiders

Recent insider trading involved Dreyfus Maria S., Director, that happened on Jun 17 ’24 when 18310.0 shares were purchased. Vice President, Talley Darrin L completed a deal on Apr 29 ’24 to sell 2426.0 shares. Meanwhile, Vice President Talley Darrin L sold 2400.0 shares on Mar 19 ’24.

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