Exxon Mobil Corp (NYSE: XOM)’s stock price has plunge by -0.09relation to previous closing price of 117.96. Nevertheless, the company has seen a -3.24% plunge in its stock price over the last five trading sessions. reuters.com reported 2024-12-02 that U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana’s government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday.
Is It Worth Investing in Exxon Mobil Corp (NYSE: XOM) Right Now?
Exxon Mobil Corp (NYSE: XOM) has a price-to-earnings ratio that is above its average at 14.68x. The stock has a 36-month beta value of 0.87. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 7 as “overweight,” 12 as “hold,” and 0 as “sell.”
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The public float for XOM is 4.39B, and at present, short sellers hold a 0.95% of that float. On December 03, 2024, the average trading volume of XOM was 14.48M shares.
XOM’s Market Performance
XOM stock saw an increase of -3.24% in the past week, with a monthly gain of 0.92% and a quarterly increase of 2.06%. The volatility ratio for the week is 1.41%, and the volatility levels for the last 30 days are 1.70% for Exxon Mobil Corp (XOM). The simple moving average for the last 20 days is -1.68% for XOM stock, with a simple moving average of 1.73% 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 $132 based on the research report published on November 19, 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 $127, previously predicting the price at $130. The rating they have provided for XOM stocks is “Buy” according to the report published on November 04th, 2024.
BofA Securities gave a rating of “Neutral” to XOM, setting the target price at $124 in the report published on October 17th of the current year.
XOM Trading at -1.59% 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 -6.72% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +2.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.24% upper at present.
During the last 5 trading sessions, XOM fell by -3.24%, which changed the moving average for the period of 200-days by +13.61% in comparison to the 20-day moving average, which settled at $119.87. In addition, Exxon Mobil Corp saw 17.87% 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 14.39, with 8.08 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 1.33. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 44.39.
Currently, EBITDA for the company is 74.27 billion with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 8.26for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
To sum up, Exxon Mobil Corp (XOM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
