The stock price of Exxon Mobil Corp. (NYSE: XOM) has plunged by -0.61 when compared to previous closing price of 118.73, but the company has seen a -0.71% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-16 that ExxonMobil’s (XOM) seventh offshore oil project in Guyana, Hammerhead, is expected to increase its production capacity by 180,000 bpd, with the development plan set for early 2025.
Is It Worth Investing in Exxon Mobil Corp. (NYSE: XOM) Right Now?
The price-to-earnings ratio for Exxon Mobil Corp. (NYSE: XOM) is above average at 14.13x. The 36-month beta value for XOM is also noteworthy at 0.88. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 rating it as “hold,” and 5 rating it as “sell.”
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The public float for XOM is 4.44B, and at present, short sellers hold a 0.86% of that float. The average trading volume of XOM on August 16, 2024 was 15.17M shares.
XOM’s Market Performance
The stock of Exxon Mobil Corp. (XOM) has seen a -0.71% decrease in the past week, with a -0.67% drop in the past month, and a 0.12% 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 1.90% for XOM. The simple moving average for the past 20 days is 0.99% for XOM’s stock, with a 7.46% simple moving average for the past 200 days.
Analysts’ Opinion of XOM
Many brokerage firms have already submitted their reports for XOM stocks, with Wolfe Research repeating the rating for XOM by listing it as a “Outperform.” The predicted price for XOM in the upcoming period, according to Wolfe Research is $146 based on the research report published on July 18, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see XOM reach a price target of $124, previously predicting the price at $146. The rating they have provided for XOM stocks is “Hold” according to the report published on June 07th, 2024.
Morgan Stanley gave a rating of “Overweight” to XOM, setting the target price at $145 in the report published on May 15th of the current year.
XOM Trading at 2.94% 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 unable to rebound, for now settling with -4.64% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +1.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.15% upper at present.
During the last 5 trading sessions, XOM fell by -0.88%, which changed the moving average for the period of 200-days by +11.27% in comparison to the 20-day moving average, which settled at $116.94. In addition, Exxon Mobil Corp. saw 18.03% 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 Dreyfus Maria S., who purchase 18,310 shares at the price of $109.25 back on Jun 17 ’24. After this action, Dreyfus Maria S. now owns 35,757 shares of Exxon Mobil Corp., valued at $2,000,386 using the latest closing price.
Talley Darrin L, the Vice President of Exxon Mobil Corp., sale 2,426 shares at $119.01 during a trade that took place back on Apr 29 ’24, which means that Talley Darrin L is holding 25,363 shares at $288,730 based on the most recent closing price.
Stock Fundamentals for XOM
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.25 for the gross margin
The net margin for Exxon Mobil Corp. stands at 0.1. The total capital return value is set at 0.11. Equity return is now at value 14.62, with 8.29 for asset returns.
Based on Exxon Mobil Corp. (XOM), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.27. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 46.97.
Currently, EBITDA for the company is 64.04 billion with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The receivables turnover for the company is 7.98for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In summary, Exxon Mobil Corp. (XOM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
