Exxon Mobil Corporation (NYSE:XOM) has been downgraded by Raymond James on November 20 which now rates the stock as Underperform compared with Mkt Perform rating suggested in the past. Analysts at Piper Jaffray, started covering the stock on October 23 with a Neutral rating. Analysts at Berenberg, made their first call about the stock on September 11, recommending it is Hold.
Exxon Mobil Corporation (XOM) hit an intraday high Friday at $71.89. The shares finished at $71.72, after trading as low as $71.07 earlier in the session. It dropped -0.46% in recent trade and currently has a stock-market value of $305.05B. Trading activity significantly weakened as the volume at ready counter decreased to 9,743,839 shares versus 18,016,721 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 13,166,825 shares. The stock is now 10.94% above against its bear-market low of $64.65 on December 26, 2018. It has retreated -24.51% since it’s 52-week high of $89.3 reached in January. Now the market price is down -16.68% on the year and up 5.18% YTD.
XOM’s 50 day simple moving average (SMA 50) price is $75.67 and its 200-day simple moving average (SMA 200) price is $79.55. The company’s stock currently has a total float of 4.23B shares. Its weekly volatility is hovering around 1.33% and felt 2.84% volatility in price over a month. On the upside, the share price will test short term resistance at around $72.05. On a downside, the stock is likely to find some support, which begins at $71.23. The failure to get near-term support could push it to $70.74.
Separately, it has been reported that multiple insider activity took place at Exxon Mobil Corporation (XOM). Vice President Corson Bradley W sold 15,000 shares for $248,707 in transaction occurred on 2018/12/19. After making this transaction, the Vice President owns a direct stake of 1,092,600 shares, worth $17,837,266, as per the last closing price. On 2018/12/14 Hansen Neil A, Vice President and Secretary at XOM, dumped 2,798 shares at an average price of $76.81 per share. The selling total is valued at $2,392,005.
Executive Officer, Verity John R had divested 15,850 shares for $151,337 through a trade on 2018/12/11. Following this activity, the insider holds 1,219,499 shares worth $10,853,890 as of recent close. Wall Street’s most bullish Exxon Mobil Corporation (NYSE:XOM) analysts are predicting the share price to blow past $100 per share during the next 12 months. The current median share price forecast by them is $82, suggesting that the stock could increase 14.33% in that time frame. The average price target of $84.38 calls for a nearly 17.65% increase in the stock price.
When looking at valuations, Exxon Mobil Corporation (XOM) has a pricey P/E of 17.73x as compared to industry average of 16.46x. Moreover, it trades for 15.31 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.61x price/book and 1.16x price/sales. Compared to others, Exxon Mobil Corporation is in a different league with regards to profitability, having net margins of 8.9%. To put some perspective around this, the industry’s average net margin is 5.12%. XOM’s ROE is 12.3%, which is also considerably worse than the industry’s ROE of 12.98%. It’s also not liquid in the near term, with a current ratio of 0.8. The stock has a debt/capital of 0.21.
Shares of Exxon Mobil Corporation (XOM) have dropped -11.1% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Exxon Mobil Corporation (NYSE:XOM) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 5 quarters (41%), whereas at 0 occasion EPS met analyst expectations. XOM last reported earnings on November 02, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.46 per share, -92.04% change on the same period last year. That was better than consensus for $1.23. Revenue for the recent quarter stood at $76.61 billion, up 16% on last year and above the $73.55 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $66.5 billion to $77.34 billion, which should be compared with $59.9 billion generated last year. EPS is seen in a range of $0.72 to $1.49, against the $1.1 reported a year ago.