Streetbeat News

XOM

Exxon Mobil Corporation

https://corporate.exxonmobil.com

Industry

Oil & Gas Integrated

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.

Open

121.30

Mkt cap

538B

Volume

9.4M

High

121.50

P/E Ratio

15.05

52-wk high

126.34

Low

119.62

Div yield

0.03

52-wk low

95.77

A significant amount of bearish options activity has been observed for Exxon Mobil (NYSE:XOM), with 67% of investors opening trades with bearish expectations. The total amount for puts is $1,082,969 and for calls is $728,451. Whales have been targeting a price range from $90.0 to $135.0 for Exxon Mobil over the last 3 months. The current price of XOM is down -2.23% at $114.96. Analysts from Mizuho, Morgan Stanley, Wells Fargo, and RBC Capital have maintained their ratings on Exxon Mobil with price targets ranging from $120 to $139.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:01 pm

Jim Cramer, on CNBC’s 'Mad Money Lightning Round,' recommended buying Caterpillar Inc. (CAT), Abercrombie & Fitch Co. (ANF), Exxon Mobil Corporation (XOM), and American Water Works Company, Inc. (AWK). He referred to Ardelyx, Inc. (ARDX) as a 'speculative stock' and advised against investing in fuboTV Inc. (FUBO).

Portfolio Pulse from Priya Nigam

October 02, 2023 | 12:34 pm

September has been a tough month for the U.S. stock market, with both the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust closing 5% lower. Treasury yields have surged, causing the iShares 20+ Year Treasury Bond ETF to tumble 8.7%. The potential U.S. government shutdown is causing market anxiety, with Moody's warning of adverse credit consequences. The Senate Banking Committee has approved the SAFE Banking Act, granting legal cannabis businesses access to banks. JPMorgan CEO Jamie Dimon expressed concern about potential interest rate surge to 7%. The energy sector, tracked by the Energy Select Sector SPDR Fund, was the week's best performer, with Exxon Mobil Corp. shares reaching new all-time highs.

Portfolio Pulse from Piero Cingari

September 29, 2023 | 8:13 pm

Benchmark analyst Kurt Hallead initiated coverage on Tetra Technologies Inc (TTI) with a Buy rating and price target of $8. The analyst believes TTI is focusing on lithium for EV battery technology, zinc bromide for long-term battery storage, and water recycling from oil and gas operations. These areas are estimated to add $280 million to EBITDA and $8 in equity value. TTI's shares are trading higher by 4.84% at $6.50.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 7:16 pm

Exxon Mobil Corporation's shares reached a new all-time high of $120.70 on Thursday, driven by the recent rally in crude oil prices. Analysts from Mizuho and Morgan Stanley have reiterated their positive outlook on the company, with price targets of $139 and $131 respectively.

Portfolio Pulse from Erica Kollmann

September 28, 2023 | 3:05 pm

Pactiv Evergreen Inc. (PTVE) and ExxonMobil (XOM) are collaborating to provide certified-circular packaging solutions to major food brands and foodservice providers. Pactiv Evergreen will use ExxonMobil's Exxtend technology for advanced recycling to offer its customers certified-circular polypropylene (PP) packaging products. The products will meet all regulatory requirements and specifications for food contact applications.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:13 pm

Oil and energy stocks are trading higher due to a draw in US crude oil inventories. This has positively impacted the shares of several oil companies.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 7:08 pm

Exxon Mobil's (NYSE:XOM) short percent of float has risen 16.67% since its last report, with 44.59 million shares sold short, which is 1.12% of all regular shares available for trading. It would take traders 2.6 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average at 1.53%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 4:15 pm

Despite soaring bond yields, the S&P 500 and Nasdaq are set to rebound. However, analysts warn of volatility persisting through year-end due to factors such as high crude oil prices, potential rate hikes, and economic data. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both saw gains in premarket trading. Stocks in focus include Costco Wholesale Corp. (NASDAQ:COST), Progress Software Corp. (NASDAQ:PRGS), Meta Platforms, Inc. (NASDAQ:META), Paychex, Inc. (NASDAQ:PAYX), H.B. Fuller Company (NYSE:FUL), Micron Technology, Inc. (NASDAQ:MU), and Worthington Industries, Inc. (NYSE:WOR).

Portfolio Pulse from Shanthi Rexaline

September 27, 2023 | 11:50 am

Guyana, the world's fastest-growing economy, is projected to double its GDP in the next five years, primarily due to its burgeoning oil industry. The country's oil production is expected to increase from 390,000 barrels per day this year to over a million by 2027, following the inception of new offshore fields in Guyana's Stabroek Block by a consortium led by Exxon Mobil Corporation (NYSE:XOM). However, the bullish forecast is contingent on political stability and high oil prices.

Portfolio Pulse from Benzinga Neuro

September 27, 2023 | 7:41 am

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