Exxon Mobil Corporation (NYSE:XOM) shares, rose in value on Friday, August 05, with the stock price up by 2.26% to the previous day’s close as strong demand from buyers drove the stock to $89.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $87.19, falling within a range of $86.43 and $90.34. The value of beta (5-year monthly) is 1.05 whereas the PE ratio is 14.48 over 12-month period. Referring to stock’s 52-week performance, its high was $105.57, and the low was $52.10. On the whole, XOM has fluctuated by 4.70% over the past month.
With the market capitalization of Exxon Mobil Corporation currently standing at about $347.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for Oct 28, 2022. The company’s Forward Dividend Ratio is 3.52, with its dividend yield at 4.04%.
Analysts have estimated the company’s revenue for the quarter at $125.46 billion, with a low estimate of $85.41 billion and a high estimate of $191.88 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $476.82 billion, representing an increase of 66.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that XOM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.61, with the price of XOM currently trading nearly 0.48% and -2.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.71, while the 7-day volatility ratio is showing 3.18% which for the 30-day chart, stands at 2.79%. Furthermore, Exxon Mobil Corporation (XOM)’s beta value is 1.06, and its average true range (ATR) is 3.20.
A comparison of Exxon Mobil Corporation (XOM) with its peers suggests the former has fared considerably weaker in the market. XOM showed an intraday change of 2.26% in today’s session so far, and over the past year, it grew by 53.40%%. On the other hand, the price of Chevron Corporation (CVX) has risen 2.27% today. The stock, however, is off 50.69% from where it was a year ago. Additionally, there is a gain of 1.76% for Shell plc (SHEL) in recent trading while the stock has seen an overall depriciation of 25.62%% over the past year. The PE ratio stands at 14.48 for Exxon Mobil Corporation, and 14.21 for Chevron Corporation. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.11%. Meanwhile, the Dow Jones Industrial Slipped by -0.05%.
Data on historical trading for Exxon Mobil Corporation (NYSE:XOM) indicates that the trading volumes over the past 10 days have averaged 20.93 million and over the past 3 months, they’ve averaged 27.37 million. According to company’s latest data on outstanding shares, there are 4.27 billion shares outstanding.
Nearly 0.07% of Exxon Mobil Corporation’s shares belong to company insiders and institutional investors own 56.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37.52 million shares as on Jul 14, 2022, resulting in a short ratio of 1.28. According to the data, the short interest in Exxon Mobil Corporation (XOM) stood at 0.89% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 43.42 million. The stock has risen by 42.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XOM stock heading into the next quarter.