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

On CNBC's 'Halftime Report Final Trades', Exxon Mobil, McDonald's, and Visa were highlighted. Exxon Mobil trades at 12 times earnings with a 3.3% dividend yield and reported Q2 revenues of $82.91 billion, beating consensus. McDonald's reported a strong quarter with 13.6% YoY sales growth to $6.50 billion. Visa posted better-than-expected earnings for its Q3. All three stocks saw gains on Monday.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 12:27 pm

A screening of medium-cap ETFs revealed the largest positive and negative returns of the week. Vanguard Energy ETF (VDE) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) were winners, with VDE down 3.36% and XOP up 3.17% on the week. Losers included ARK Genomic Revolution ETF (ARKG), down 6.21%, and KraneShares CSI China Internet ETF (KWEB), down 5.82%.

Portfolio Pulse from Johnny Rice

August 14, 2023 | 8:14 pm

The CNBC Halftime Report discussed final trades involving Visa, McDonald's, and Exxon Mobil. The specifics of the discussion were not provided.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 4:59 pm

Benzinga's Stock Whisper Index has highlighted five stocks that are currently under the radar but warrant attention. These include Decibel Therapeutics Inc (DBTX), which is being acquired by Regeneron Pharmaceuticals Inc (REGN), Origin Materials Inc (ORGN) which reported lower than expected Q2 results, Magnite Inc (MGNI) which saw a drop in shares after Q2 results, X4 Pharmaceuticals (XFOR) which saw a 36% decline in shares, and Exxon Mobil Corp (XOM) which is seeing increased investor interest.

Portfolio Pulse from Chris Katje

August 11, 2023 | 2:55 pm

A significant amount of unusual options activity has been observed for Exxon Mobil (NYSE:XOM), with a majority of investors taking a bullish stance. The trades include 4 puts amounting to $179,470 and 13 calls amounting to $525,571. Whales have been targeting a price range from $100.0 to $135.0 for Exxon Mobil over the last 3 months. The current price of XOM is up 1.09% at $111.33. Analysts from Morgan Stanley, RBC Capital, and Truist Securities have given price targets of $121, $125, and $110 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:46 pm

The Bureau of Labor Statistics is set to release the July Consumer Price Index (CPI) data on Thursday, which could significantly impact market expectations for future Fed rate hikes. Economists predict the annual inflation rate will rise from 3% to 3.3% in July. Five ETFs that could experience significant fluctuations based on this data are ProShares Trust VIX Short-Term Futures ETF (VIXY), Vanguard Growth ETF (VUG), ARK Innovation ETF (ARK), Fidelity Stocks for Inflation ETF (FCPI), and Simplify Interest Rate Hedge ETF (PFIX).

Portfolio Pulse from Piero Cingari

August 09, 2023 | 6:33 pm

A whale investor has taken a bullish stance on Exxon Mobil (NYSE:XOM), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $90.0 to $120.0 for Exxon Mobil over the last 3 months. RBC Capital downgraded its action to Sector Perform with a price target of $125, while Morgan Stanley and Truist Securities maintained their Overweight and Hold ratings respectively, with price targets of $121 and $110.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 5:30 pm

Insider trades were noted in three US companies: Crocs, Inc. (CROX), Exxon Mobil Corporation (XOM), and Donegal Group Inc. (DGICA). Directors at Crocs and Exxon Mobil, and a 10% owner at Donegal Group, purchased shares in their respective companies. Crocs reported Q2 FY23 sales growth of 11.2% YoY, beating analyst consensus. Exxon Mobil reported Q2 revenues of $82.91 billion, beating consensus. Donegal posted better-than-expected quarterly sales.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:10 pm

Exxon Mobil's (NYSE:XOM) short percent of float has risen 9.23% since its last report, with 28.79 million shares sold short, which is 0.71% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Exxon Mobil's peer group average for short interest as a percentage of float is 1.66%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:13 pm

Insiders at CNA Financial Corporation, Tidewater Inc., Exxon Mobil Corporation, and Harley-Davidson, Inc. have recently made significant stock purchases. CNA Financial's 10% owner Loews Corp acquired 4,456,050 shares for around $175.08 million, following the company's downbeat quarterly earnings. Tidewater's Director Robert Robotti bought 117,698 shares for around $7.33 million, ahead of the company's expected Q2 earnings release. Exxon Mobil's Director Jeffrey W Ubben purchased 458,000 shares for around $48.97 million, after the company reported Q2 revenues of $82.91 billion, beating consensus. Harley-Davidson's Director Rafeh Masood bought 1,302 shares for around $49,997, following the company's Q2 sales decline of 4% Y/Y to $1.20 billion.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 12:59 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.