Adversity is less terrifying than hope: Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (NYSE: XOM) stock fell -0.42% on Friday to $90.57 against a previous-day closing price of $90.95. With 16.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 20.91 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $92.66 whereas the lowest price it dropped to was $90.52. The 52-week range on XOM shows that it touched its highest point at $105.57 and its lowest point at $54.37 during that stretch. It currently has a 1-year price target of $106.77. With its current market cap of 384.02 billion, XOM has annualized dividend of $3.52 while the current yield stands at 3.89%. Beta for the stock currently stands at 1.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XOM was down-trending over the past week, with a drop of -4.49%, but this was down by -7.58% over a month. Three-month performance surged to 6.29% while six-month performance rose 8.95%. The stock gained 64.05% in the past year, while it has gained 48.01% so far this year. A look at the trailing 12-month EPS for XOM yields 9.14 with Next year EPS estimates of 10.91. For the next quarter, that number is 3.54. This implies an EPS growth rate of 202.20% for this year and -14.50% for next year. EPS is expected to grow by 24.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.40%.

Float and Shares Shorts:

At present, 4.23 billion XOM shares are outstanding with a float of 4.16 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 37.52 million, which was 0.89% higher than short shares on Jun 14, 2022. In addition to Mr. Darren W. Woods as the firm’s Chairman, Pres & CEO, Ms. Kathryn A. Mikells serves as its Sr. VP & CFO.


Institutional Ownership:

Through their ownership of 56.95% of XOM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 32.59% of XOM, in contrast to 26.08% held by mutual funds. Shares owned by individuals account for 0.83%. As the largest shareholder in XOM with 8.43% of the stake, The Vanguard Group, Inc. holds 351,426,688 shares worth 351,426,688. A second-largest stockholder of XOM, SSgA Funds Management, Inc., holds 234,554,069 shares, controlling over 5.63% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in XOM, holding 204,808,107 shares or 4.91% stake. With a 2.99% stake in XOM, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 124,713,327 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.26% of XOM stock, is the second-largest Mutual Fund holder. It holds 94,012,324 shares valued at 8.99 billion. SPDR Series – Energy Select Secto holds 2.10% of the stake in XOM, owning 87,585,598 shares worth 8.37 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XOM since 28 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 13 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With XOM analysts setting a high price target of $134.00 and a low target of $89.00, the average target price over the next 12 months is $107.67. Based on these targets, XOM could surge 47.95% to reach the target high and fall by -1.73% to reach the target low. Reaching the average price target will result in a growth of 18.88% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. XOM will report FY 2022 earnings on 01/31/2023. Analysts have provided yearly estimates in a range of $13.86 being high and $11.65 being low. For XOM, this leads to a yearly average estimate of $12.67. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Exxon Mobil Corporation surprised analysts by $0.30 when it reported $4.14 EPS against a consensus estimate of $3.84. The surprise factor in the prior quarter was -$0.16. Based on analyst estimates, the high estimate for the next quarter is $4.01 and the low estimate is $2.71. The average estimate for the next quarter is thus $3.45.

Summary of Insider Activity:

Insiders traded XOM stock several times over the past three months with 5 Buys and 1 Sells. In these transactions, 1,000,000 shares were bought while 2,500 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 2,027,624 while 1,678,107 shares were sold.

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