In yesterday’s Wall Street session, Exxon Mobil Corp. (NYSE:XOM) shares traded at $118.67, down -0.81% from the previous session.
XOM stock price is now 1.49% away from the 50-day moving average and 8.98% away from the 200-day moving average. The market capitalization of the company currently stands at $532.35B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On April 30, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $128 to quote $135, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Talley Darrin L, Vice President sold 2,426 shares of the company’s stock on Apr 29 ’24. The stock was sold for $288,730 at an average price of $119.01. Upon completion of the transaction, the Vice President now directly owns 25,363 shares in the company, valued at $3.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’24, Vice President Talley Darrin L sold 2,400 shares of the business’s stock. A total of $271,980 was realized by selling the stock at an average price of $113.33. This leaves the insider owning 27,789 shares of the company worth $3.3 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Exxon Mobil Corp. has had a low of $95.77 and a high of $123.75. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.38, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $482838609920, which is based on a 14.56 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for XOM is $117.1338 and a two-hundred day moving average price translates $108.948 for the stock.
The latest earnings results from Exxon Mobil Corp. (NYSE: XOM) was released for 2024-03-31. According to the Oil & Gas Integrated Company, earnings per share came in at 1.94, missing analysts’ expectations of 2.01 by -0.07. This compares to $2.89 EPS in the same period last year. The net profit margin was 9.88% and return on equity was 16.24% for XOM. The company reported revenue of $83.08 billion for the quarter, compared to $86.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.02 percent. For the current quarter, analysts expect XOM to generate $91.18B in revenue.
