Exxon Mobil Corp. (NYSE: XOM)’s stock price has gone decline by -0.99 in comparison to its previous close of 120.35, however, the company has experienced a -3.60% decrease in its stock price over the last five trading days. marketbeat.com reported 2024-10-18 that The energy sector and WTI crude oil prices spiked following the escalation in the Middle East after Iran launched a missile attack on Israel earlier this month. Initial fears of conflict disrupting global oil supplies, mainly through the vital Strait of Hormuz.
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 14.27x compared to its average ratio. XOM has 36-month beta value of 0.88. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 5 as “sell.”
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The public float for XOM is 4.44B, and currently, short sellers hold a 0.88% ratio of that float. The average trading volume of XOM on October 18, 2024 was 14.14M shares.
XOM’s Market Performance
The stock of Exxon Mobil Corp. (XOM) has seen a -3.60% decrease in the past week, with a 2.72% rise in the past month, and a 3.37% gain in the past quarter. The volatility ratio for the week is 1.26%, and the volatility levels for the past 30 days are at 1.84% for XOM. The simple moving average for the past 20 days is -0.90% for XOM’s stock, with a 5.38% simple moving average for the past 200 days.
Analysts’ Opinion of XOM
Many brokerage firms have already submitted their reports for XOM stocks, with BofA Securities repeating the rating for XOM by listing it as a “Neutral.” The predicted price for XOM in the upcoming period, according to BofA Securities is $124 based on the research report published on October 17, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see XOM reach a price target of $145, previously predicting the price at $129. The rating they have provided for XOM stocks is “Sector Outperform” according to the report published on October 10th, 2024.
Exane BNP Paribas gave a rating of “Underperform” to XOM, setting the target price at $105 in the report published on October 09th of the current year.
XOM Trading at 1.51% 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 -5.69% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.26%, as shares surge +3.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.29% upper at present.
During the last 5 trading sessions, XOM fell by -3.40%, which changed the moving average for the period of 200-days by +15.68% in comparison to the 20-day moving average, which settled at $120.25. In addition, Exxon Mobil Corp. saw 19.18% 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 1.59. 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
To put it simply, Exxon Mobil Corp. (XOM) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
