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Exxon Mobil Corp. (XOM) Analysis & Forecast for 2024

Exxon Mobil Corp. (NYSE: XOM) is 10.96% higher on its value in year-to-date trading and has touched a low of $95.77 and a high of $123.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The XOM stock was last observed hovering at around $112.18 in the last trading session, with the day’s loss setting it -1.24%.

Currently trading at $110.94, the stock is -1.41% and -3.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.72 million and changing -1.11% at the moment leaves the stock 1.56% off its SMA200. XOM registered 7.54% gain for a year compared to 6-month gain of 8.10%.

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The stock witnessed a -2.66% loss in the last 1 month and extending the period to 3 months gives it a -7.97%, and is -3.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.67% over the month.

Exxon Mobil Corp. (XOM) has around 62000 employees, a market worth around $497.67B and $331.92B in sales. Current P/E ratio is 13.61 and Fwd P/E is 11.49. Profit margin for the company is 9.88%. Distance from 52-week low is 15.84% and -10.35% from its 52-week high. The company has generated returns on investments over the last 12 months (13.81%).

The EPS is expected to shrink by -5.52% this year.

Exxon Mobil Corp. (XOM) Top Institutional Holders

The shares outstanding are 4.49B, and float is at 4.48B with Short Float at 0.97%.

Exxon Mobil Corp. (XOM) Insider Activity

The most recent transaction is an insider purchase by Dreyfus Maria S.,the company’sDirector. SEC filings show that Dreyfus Maria S. bought 18,310 shares of the company’s common stock on Jun 17 ’24 at a price of $109.25 per share for a total of $2.0 million. Following the purchase, the insider now owns 35757.0 shares.

Exxon Mobil Corp. disclosed in a document filed with the SEC on Apr 29 ’24 that Talley Darrin L (Vice President) sold a total of 2,426 shares of the company’s common stock. The trade occurred on Apr 29 ’24 and was made at $119.01 per share for $0.29 million. Following the transaction, the insider now directly holds 25363.0 shares of the XOM stock.

Still, SEC filings show that on Mar 19 ’24, Talley Darrin L (Vice President) disposed off 2,400 shares at an average price of $113.33 for $0.27 million. The insider now directly holds 27,789 shares of Exxon Mobil Corp. (XOM).

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