Exxon Mobil Corp. (XOM) stock price forecast predicts $118.06 value

A share price of Exxon Mobil Corp. [XOM] is currently trading at $119.93, up 2.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The XOM shares have gain 2.46% over the last week, with a monthly amount glided 1.69%, 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 September 24, 2024, when Redburn Atlantic downgraded its rating to a Neutral and also boosted its price target to $120 from $119. On June 07, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $124 on the stock. TD Cowen reiterated its recommendation of a Buy and raised its price target to $135 on April 30, 2024. Barclays started tracking with a Overweight rating for this stock on April 10, 2024, and assigned it a price target of $147. In a note dated April 01, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $115 to $120.

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 $118.06 within the next 12 months. Exxon Mobil Corp. [NYSE: XOM] shares were valued at $119.93 at the most recent close of the market. An investor can expect a potential drop of -1.56% based on the average XOM price forecast.

Analyzing the XOM fundamentals

Trailing Twelve Months sales for Exxon Mobil Corp. [NYSE:XOM] were 341.55B which represents 11.96% growth. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.

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 117.04 points at the first support level, and at 114.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.71, and for the 2nd resistance point, it is at 123.49.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Exxon Mobil Corp. [NYSE:XOM] is 1.36. As well, the Quick Ratio is 1.01, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 1.99 and price to earnings (TTM) ratio is 14.36.

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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