Monthly Stock Report: Exxon Mobil Corporation (XOM)
Publication Date: September 22, 2024
Company Overview
Exxon Mobil Corporation (XOM), based in Irving, Texas, is a leading force in the global Oil & Gas Integrated industry, a segment of the Energy sector. Established in 1870, Exxon Mobil has built a strong reputation in the exploration and production of crude oil and natural gas across various segments, including Upstream, Energy Products, Chemical Products, and Specialty Products. Recently, the company has been focusing on innovative lower-emission initiatives, such as carbon capture technologies, hydrogen production, and renewable fuels. Exxon Mobil has been publicly traded since March 1957 and continues to be a significant player in the evolving energy landscape.
Financial Performance and Analyst Recommendations
As of now, Exxon Mobil’s stock is trading at $115.27, with a robust target high price set at $149.00. Analysts project a mean target price around $130.89, indicating a potential upside. The company’s impressive total revenue of approximately $345.1 billion underscores its considerable market presence and stability within the oil and gas sector. With about 4.44 billion shares outstanding and a low short interest of just 0.0099%, investor sentiment appears bullish. A consensus buy rating supported by a recommendation mean of 2.2 reflects analysts’ confidence in the stock.
Despite a slight dip below the fifty-day moving average of $115.79, the stock has exhibited significant price movements over the past fifty-two weeks, achieving a high of $123.75 and a low of $95.77. This volatility suggests that investors should remain vigilant regarding market trends, as the cyclical nature of the energy market can influence stock performance.
Outlook and Market Implications
The current financial landscape provides a favorable outlook for Exxon Mobil Corporation. A target low price of $110.00, alongside a bullish overall sentiment among analysts, suggests potential for upward movement. If the stock meets projected targets, it could offer considerable returns for investors willing to navigate the volatility associated with energy markets. In summary, Exxon Mobil’s commitment to innovation and strategic focus on sustainability positions it for resilient growth, making it an attractive investment opportunity in the rapidly evolving energy industry.
| Metric | Value |
|---|---|
| Market Cap | $512.1b |
| Total Debt | $43.2b |
| Total Cash | $26.5b |
| Shares Outstanding | 4.4b |
| Float Shares | 4.4b |
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