Exxon Mobil Corporation [XOM] gain 62.10% so far this year. What now?

Exxon Mobil Corporation [NYSE: XOM] plunged by -$2.68 during the normal trading session on Friday and reaching a high of $102.24 during the day while it closed the day at $99.19. The company report on October 12, 2022 that EnLink Midstream Signs Transportation Service Agreement with ExxonMobil.

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EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that it has entered into a transportation service agreement (TSA) with a subsidiary of ExxonMobil Corporation (NYSE: XOM) (ExxonMobil). Under the terms of the TSA, EnLink will utilize portions of its existing pipeline network, as well as new facilities, to deliver carbon dioxide (CO2) from the Mississippi River corridor in southeastern Louisiana to ExxonMobil’s 125,000-acre CO2 storage location under development in Vermilion Parish.

The TSA includes industry-standard terms and conditions for the provision of transportation services. Ultimate available reserved capacity under the agreement is up to 10 million metric tonnes per year, with initial reserved capacity of 3.2 million metric tonnes per year, beginning early 2025.

Exxon Mobil Corporation stock has also loss -1.82% of its value over the past 7 days. However, XOM stock has inclined by 15.20% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.93% and gained 62.10% year-on date.

The market cap for XOM stock reached $424.56 billion, with 4.23 billion shares outstanding and 4.16 billion shares in the current float. Compared to the average trading volume of 19.62M shares, XOM reached a trading volume of 15217860 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Exxon Mobil Corporation [XOM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XOM shares is $108.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XOM stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Exxon Mobil Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 11, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $102 to $109. The new note on the price target was released on July 19, 2022, representing the official price target for Exxon Mobil Corporation stock. Previously, the target price had yet another raise from $115 to $125, while Credit Suisse kept a Outperform rating on XOM stock. On June 07, 2022, analysts increased their price target for XOM shares from 88 to 120.

The Average True Range (ATR) for Exxon Mobil Corporation is set at 3.17, with the Price to Sales ratio for XOM stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 2.37, with the Price to Cash per share for the same quarter was set at 4.41. Price to Free Cash Flow for XOM in the course of the last twelve months was 12.37 with Quick ratio for the last quarter at 0.90.

XOM stock trade performance evaluation

Exxon Mobil Corporation [XOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.82. With this latest performance, XOM shares gained by 4.60% in over the last four-week period, additionally plugging by 12.93% over the last 6 months – not to mention a rise of 59.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XOM stock in for the last two-week period is set at 57.29, with the RSI for the last a single of trading hit 58.22, and the three-weeks RSI is set at 56.16 for Exxon Mobil Corporation [XOM]. The present Moving Average for the last 50 days of trading for this stock 94.25, while it was recorded at 99.27 for the last single week of trading, and 86.81 for the last 200 days.

Exxon Mobil Corporation [XOM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Exxon Mobil Corporation [XOM] shares currently have an operating margin of +9.91 and a Gross Margin at +24.10. Exxon Mobil Corporation’s Net Margin is presently recorded at +8.21.

Return on Equity for this stock inclined to 14.15, with Return on Assets sitting at 6.86.

Exxon Mobil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for Exxon Mobil Corporation [XOM] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XOM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Exxon Mobil Corporation go to 24.71%.

Exxon Mobil Corporation [XOM]: Insider Ownership positions

There are presently around $240,506 million, or 58.80% of XOM stock, in the hands of institutional investors. The top three institutional holders of XOM stocks are: VANGUARD GROUP INC with ownership of 368,328,315, which is approximately 1.069% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 287,427,472 shares of the stock with an approximate value of $28.51 billion in XOM stocks shares; and STATE STREET CORP, currently with $23.27 billion in XOM stock with ownership of nearly -6.61% of the company’s market capitalization.

Positions in Exxon Mobil Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,489 institutional holders increased their position in Exxon Mobil Corporation [NYSE:XOM] by around 178,688,549 shares. Additionally, 1,447 investors decreased positions by around 101,541,110 shares, while 368 investors held positions by with 2,144,473,054 shares. The mentioned changes placed institutional holdings at 2,424,702,713 shares, according to the latest SEC report filing. XOM stock had 168 new institutional investments in for a total of 12,568,991 shares, while 112 institutional investors sold positions of 11,633,563 shares during the same period.


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