Exxon Mobil Corp. (NYSE: XOM) has seen a rise in its stock price by 1.38 in relation to its previous close of 119.72. However, the company has experienced a 4.41% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-07 that Oil prices have been rising amid OPEC+ cuts and geopolitical tensions. Exxon discovered new oil off the coast of Guyana and is close to acquiring Pioneer.
Is It Worth Investing in Exxon Mobil Corp. (NYSE: XOM) Right Now?
Exxon Mobil Corp. (NYSE: XOM) has a higher price-to-earnings ratio of 13.67x compared to its average ratio, The 36-month beta value for XOM is at 0.96. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 as “hold,” and 5 as “sell.”
The public float for XOM is 3.96B, and currently, shorts hold a 2.75% of that float. The average trading volume for XOM on April 08, 2024 was 18.23M shares.
XOM’s Market Performance
XOM’s stock has seen a 4.41% increase for the week, with a 13.67% rise in the past month and a 18.62% gain in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 1.38% for Exxon Mobil Corp. The simple moving average for the last 20 days is 7.14% for XOM stock, with a simple moving average of 13.80% for the last 200 days.
Analysts’ Opinion of XOM
Many brokerage firms have already submitted their reports for XOM stocks, with TD Cowen repeating the rating for XOM by listing it as a “Buy.” The predicted price for XOM in the upcoming period, according to TD Cowen is $120 based on the research report published on April 01, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see XOM reach a price target of $115. The rating they have provided for XOM stocks is “Outperform” according to the report published on January 23rd, 2024.
Redburn Atlantic gave a rating of “Buy” to XOM, setting the target price at $119 in the report published on January 09th of the current year.
XOM Trading at 13.09% from the 50-Day Moving Average
After a stumble in the market that brought XOM to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.56% of gains for the given period.
Volatility was left at 1.38%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +13.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.86% upper at present.
During the last 5 trading sessions, XOM rose by +4.41%, which changed the moving average for the period of 200-days by +18.16% in comparison to the 20-day moving average, which settled at $113.98. In addition, Exxon Mobil Corp. saw 21.39% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at XOM starting from Talley Darrin L, who sale 2,400 shares at the price of $113.33 back on Mar 19 ’24. After this action, Talley Darrin L now owns 27,789 shares of Exxon Mobil Corp., valued at $271,980 using the latest closing price.
Talley Darrin L, the Vice President of Exxon Mobil Corp., sale 2,400 shares at $105.00 during a trade that took place back on Feb 22 ’24, which means that Talley Darrin L is holding 30,189 shares at $252,000 based on the most recent closing price.
Stock Fundamentals for XOM
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.31 for the gross margin
The net margin for Exxon Mobil Corp. stands at 0.11. The total capital return value is set at 0.17. Equity return is now at value 18.01, with 9.66 for asset returns.
Based on Exxon Mobil Corp. (XOM), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.34. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 60.94.
Currently, EBITDA for the company is 64.04 billion with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 9.01for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, Exxon Mobil Corp. (XOM) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
