To get the latest Exxon stock quote today, you can check the company's official website or use a reliable financial website such as Yahoo Finance or Google Finance.
The Exxon stock quote today is determined by the current market price of the company's shares, which can fluctuate based on various market and economic factors.
Exxon's stock price has historically been influenced by global oil prices, with a strong correlation between the two.
To make an informed decision about investing in Exxon, it's essential to stay up-to-date with the company's performance and the overall market trends.
Financial Performance
Exxon Mobil's financial performance has been a topic of interest in recent years. In 2023, the company's revenue was $338.29 billion, a decrease of -15.68% compared to the previous year's $401.18 billion.
The company's earnings also saw a significant decline, decreasing by -35.40% to $36.01 billion. This decline in earnings is a notable trend in the company's financial performance.
Here are some key financial metrics for Exxon Mobil:
These metrics give us a snapshot of Exxon Mobil's financial performance over the past few years. The company's share price has been relatively stable, with a beta of 0.89 indicating lower volatility compared to the market. However, the company's earnings and revenue have seen a decline in recent years.
Investment Opportunities
If you're looking for a buy opportunity, Exxon Mobil's acquisition of Pioneer Resources is worth considering. This move has doubled Exxon Mobil's acreage in the Permian Basin.
The recent share price drop due to the Federal Reserve's slower rate cut has created a buying opportunity. Exxon Mobil's growth prospects have been enhanced by this acquisition.
Investors who were waiting for the right moment to invest in Exxon Mobil may find this a good time to consider buying. The expansion of Exxon Mobil's Permian Basin reach is a significant development.
Market Analysis
Exxon Mobil's current share price is $107.86, which is a significant drop of 5.03% in just one month.
The 52-week high for Exxon Mobil is $126.34, while the 52-week low is $95.77, giving you an idea of the stock's volatility.
Over the past year, Exxon Mobil's share price has increased by 6.88%, but it's worth noting that the stock has seen a decline of 11.62% in the past three months.
Here's a summary of Exxon Mobil's price history over the past few years:
Exxon Mobil's beta is 0.89, indicating that its stock price tends to move in the same direction as the overall market, but at a lower volatility.
Mobil Offers Market Protection
I've been reducing equity exposure in favor of capital preservation ideas since the November election, and I think Exxon Mobil might be a good option for protection in a stock market crash scenario.
High valuations and overly bullish 2025 forecasts being put out by Wall Street make me skeptical, and I'm not alone in my concerns.
Exxon Mobil's potential to offer some protection in a market downturn is worth considering, especially if you're looking to hedge your bets.
I'm not advocating for a complete shift to Exxon Mobil, but it's an idea worth exploring as part of a diversified investment strategy.
Death Cross: Market Turns Bearish
A death cross is a bearish indicator that signals a potential downturn in the market. It occurs when the 50-day moving average falls below the 200-day moving average.
ExxonMobil Corp. XOM has recently experienced a death cross, with its stock chart hitting a dry spell. This bearish signal may indicate a decline in the oil giant's stock price.
The 50-day moving average is a key indicator of short-term market trends, while the 200-day moving average represents long-term trends. When the 50-day average falls below the 200-day average, it can be a sign that the market is turning bearish.
A death cross can be a significant warning sign for investors, indicating that a stock may be due for a correction or even a decline.
Price Volatility
XOM's price volatility is relatively low compared to the US market. The company's average weekly movement is 2.4%, which is lower than both the oil and gas industry average of 5.4% and the market average of 6.4%.
Over the past year, XOM's weekly volatility has remained stable, with a 2% average weekly movement. This suggests that the company's stock price has been relatively consistent.
Here's a comparison of XOM's volatility with other stocks in the US market:
XOM's volatility is actually lower than the 10% least volatile stocks in the US market, indicating a relatively stable share price.
Frequently Asked Questions
What is the prediction for Exxon Mobil stock?
According to 20 Wall Street analysts, the predicted price range for Exxon Mobil stock is between $105.00 and $149.00, with an average target of $131.20. Check the latest forecasts for a more up-to-date view of Exxon Mobil's stock performance.
What is the symbol for ExxonMobil?
The symbol for ExxonMobil is XOM, which is used for its common stock. This is also known as the ticker symbol.
Is ExxonMobil publicly traded?
Yes, ExxonMobil is a publicly traded company, listed on the stock exchanges of the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE).
Is Exxon a buy, sell, or hold?
Exxon Mobil has a consensus rating of Moderate Buy, based on 12 buy ratings and 9 total ratings. Investors are divided, with some recommending a buy and others advising a hold.
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