On September 18, 2023, Nitin Kumar, a renowned Mizuho analyst, reaffirmed his positive outlook on Exxon Mobil (NYSE:XOM) and increased the price target from $131 to $139. With a history of covering Exxon Mobil and consistently endorsing it with a Buy rating, Kumar’s expertise lends credibility to his recommendation. In the ever-evolving oil and gas sector, Kumar identifies Exxon Mobil as one of his top stock picks, further highlighting its potential for growth and success.
Exxon Mobil Corporation
XOM
Strong Buy
Updated on: 18/09/2023
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Date:18 September, 2023
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XOM Stock Analysis: Stable Performance with Impressive Revenue Growth, but Declining Earnings Raises Concerns
On September 18, 2023, XOM stock opened at $117.48 and fluctuated between a low of $116.71 and a high of $118.18. The trading volume for XOM on this day was 4,899,462 shares, significantly lower than the average volume over the past three months. XOM has a market capitalization of $467.2 billion and has shown impressive revenue growth of +42.75% in the past year. However, the earnings growth for this year is -33.49% and the projected earnings growth for the next five years is -11.00%. XOM has a price-to-earnings (P/E) ratio of 9.4, a price-to-sales ratio of 1.16, and a price-to-book ratio of 2.44. On September 18, 2023, XOM’s stock performance was relatively stable compared to its industry peers. XOM’s next reporting date is scheduled for November 3, 2023, with analysts forecasting an EPS of $2.15 for this quarter. XOM operates in the integrated oil industry and its corporate headquarters are located in Spring, Texas. Overall, XOM’s stock performance on September 18, 2023, was relatively stable, with slight fluctuations in price throughout the day. The company’s impressive revenue growth in the past year is a positive sign, although the decline in earnings growth for this year and the next five years may raise concerns for investors.
Exxon Mobil Corp (XOM) Stock Analysis and Price Forecasts for September 2023
On September 18, 2023, Exxon Mobil Corp (XOM) stock had a median target price of $120.00, according to 21 analysts offering 12-month price forecasts. The high estimate was $145.00, while the low estimate was $105.00. This median estimate indicated a potential increase of 1.71% from the last price of $117.98.
The consensus among 25 polled investment analysts was to hold stock in Exxon Mobil Corp. This rating had remained steady since September, indicating that there had been no change from the previous hold rating.
Exxon Mobil Corp reported earnings per share of $2.15 for the current quarter. Additionally, the company’s sales were reported at $84.7 billion. The reporting date for these figures was set for November 3.
Overall, the stock performances of Exxon Mobil Corp on September 18, 2023, were relatively stable. The median target price suggested a slight increase in value, while the consensus among investment analysts was to hold the stock. Investors may want to keep an eye on the company’s financial results for the current quarter, which will be reported in November, to gain further insights into its performance.
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2023-09-18 16:21:20Z
CBMiRWh0dHBzOi8vYmVzdHN0b2Nrcy5jb20vcmVub3duZWQtYW5hbHlzdC1yYWlzZXMtcHJpY2UtdGFyZ2V0LWFuZC1yZWFmL9IBAA
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