Exxon Mobil Corp. (NYSE:XOM) shares, rose in value on Friday, April 05, with the stock price up by 0.53% to the previous day’s close as strong demand from buyers drove the stock to $120.36.
Actively observing the price movement in the recent trading, the stock is buoying the session at $119.72. The value of beta (5-year monthly) is 0.96 whereas the PE ratio is 13.55 over 12-month period. Referring to stock’s 52-week performance, its high was $120.70, and the low was $95.77. On the whole, XOM has fluctuated by 12.73% over the past month.
With the market capitalization of Exxon Mobil Corp. currently standing at about $477.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 03, 2024. The company’s Forward Dividend Ratio is 3.72, with its dividend yield at 3.09%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.06, which is expected to increase to $2.51 for fiscal year $8.41 and then to about $8.94 by fiscal year 2025. Data indicates that the EPS growth is expected to be -4.20% in 2025, while the next year’s EPS growth is forecast to be 6.30%.
Analysts have estimated the company’s revenue for the quarter at $71.82 billion, with a low estimate of $54.85 billion and a high estimate of $83.02 billion. According to the average forecast, sales growth in current quarter could jump down -17.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $307.8 billion, representing a decrease of -3.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 4 upward and no downward review(s) in last seven days. We see that XOM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of XOM currently trading nearly 6.25% and 12.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 83.96, while the 7-day volatility ratio is showing 1.33% which for the 30-day chart, stands at 1.35%. Furthermore, Exxon Mobil Corp. (XOM)’s beta value is 0.96, and its average true range (ATR) is 1.59.
A comparison of Exxon Mobil Corp. (XOM) with its peers suggests the former has fared considerably weaker in the market. XOM showed an intraday change of 0.53% in today’s session so far, and over the past year, it grew by 4.64%%.
Data on historical trading for Exxon Mobil Corp. (NYSE:XOM) indicates that the trading volumes over the past 10 days have averaged 15.63 million and over the past 3 months, they’ve averaged 18.23 million. According to company’s latest data on outstanding shares, there are 3.97 billion shares outstanding.
Nearly 0.16% of Exxon Mobil Corp.’s shares belong to company insiders and institutional investors own 62.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 109.06 million shares as on Mar 15, 2024, resulting in a short ratio of 5.74. According to the data, the short interest in Exxon Mobil Corp. (XOM) stood at 2.75% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 96.25 million. The stock has risen by 20.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XOM stock heading into the next quarter.
