There is no way Exxon Mobil Corporation (XOM) can keep these numbers up

Exxon Mobil Corporation (NYSE: XOM) stock jumped 1.12% on Wednesday to $107.59 against a previous-day closing price of $106.40. With 16.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 16.17 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $108.51 whereas the lowest price it dropped to was $106.73. The 52-week range on XOM shows that it touched its highest point at $119.92 and its lowest point at $80.69 during that stretch. It currently has a 1-year price target of $128.09. With its current market cap of 432.98 billion, XOM has annualized dividend of $3.64 while the current yield stands at 3.38%. Beta for the stock currently stands at 1.09.

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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 up-trending over the past week, with a rise of 2.64%, but this was down by -7.66% over a month. Three-month performance dropped to -2.84% while six-month performance fell -3.05%. The stock gained 14.59% in the past year, while it has lost -2.46% so far this year. A look at the trailing 12-month EPS for XOM yields 14.77 with Next year EPS estimates of 9.37. For the next quarter, that number is 2.30. This implies an EPS growth rate of 146.40% for this year and -7.05% for next year. EPS is expected to decline by -10.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.60%.

Float and Shares Shorts:

At present, 4.10 billion XOM shares are outstanding with a float of 4.02 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 40.58 million, which was 1.00% higher than short shares on Mar 30, 2023. 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 60.91% of XOM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.79% of XOM, in contrast to 23.60% held by mutual funds. Shares owned by individuals account for 0.88%. As the largest shareholder in XOM with 9.23% of the stake, The Vanguard Group, Inc. holds 375,802,434 shares worth 375,802,434. A second-largest stockholder of XOM, SSgA Funds Management, Inc., holds 216,174,104 shares, controlling over 5.31% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in XOM, holding 199,602,694 shares or 4.90% stake. With a 3.11% stake in XOM, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 126,489,045 shares are owned by the mutual fund manager. The RBC Global Resources Fund, which owns about 2.57% of XOM stock, is the second-largest Mutual Fund holder. It holds 104,700,000 shares valued at 12.39 billion. Vanguard 500 Index Fund holds 2.37% of the stake in XOM, owning 96,656,976 shares worth 11.44 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, XOM reported revenue of $111.27B and operating income of $20.71B. The EBITDA in the recently reported quarter was $29.58B and diluted EPS was $4.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XOM since 0 analysts follow the stock currently. 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 $146.00 and a low target of $110.00, the average target price over the next 12 months is $127.59. Based on these targets, XOM could surge 35.7% to reach the target high and rise by 2.24% to reach the target low. Reaching the average price target will result in a growth of 18.59% 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.

Summary of Insider Activity:

Insiders traded XOM stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,500 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 2,106,282 while 130,121 shares were sold.

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