Exxon Mobil Corporation’s NYSE:XOM Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Exxon Mobil announced a quarterly dividend on Friday, October 27th.

To begin with, Exxon Mobil has a pretty high ROE which is interesting. Even when compared to the industry average of 32% the company’s ROE is pretty decent. So, Exxon Mobil’s moderate xmo price 20% growth over the past five years was probably backed by the high ROE. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

  • ExxonMobil is committed to advancing sustainable and carbon-free energy solutions.
  • Vacuum Oil was later merged with Standard Oil of New Jersey which was the parent operation of the Standard Oil empire prior to its breakup.
  • To begin with, Exxon Mobil has a pretty high ROE which is interesting.
  • The Chemicals segment produces the full range of petrochemicals including plastics, resins and synthetic rubber.

Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don’t necessarily bear these characteristics. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Exxon Mobil Corp XOM

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. These returns cover a period from January 1, 1988 through October 2, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.95 per share on Monday, December 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from the stock’s previous quarterly dividend of $0.91. Today, the company explores and produces crude oil and natural gas and their derivative products globally. As of 2022, it was ranked 6th on Forbes’ Fortune 500 list and 12th on the Global 500 list but it has held positions from #1 to #10 over the years.

The Zacks Analyst Blog Highlights HF Sinclair, ExxonMobil and Diamondback Energy

Plus, XOM info will be updated daily in your free Zacks.com Portfolio Tracker. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Exxon Mobil Corporation is the largest direct descendent of John D. Rockefeller’s Standard Oil and one of the world’s largest companies.

As of October 31st, there was short interest totaling 71,280,000 shares, an increase of 23.8% from the October 15th total of 57,570,000 shares. Based on an average daily trading volume, of 18,290,000 shares, the days-to-cover ratio is currently 3.9 days. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings.

Exxon Mobil (XOM) Dividend Yield, Date & History

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. ExxonMobil is committed to advancing sustainable and carbon-free energy solutions. The company is targeting 2050 for net-zero emissions and its 2030 interim targets are in alignment with the Paris Accord, the EU’s Global Methane Pledge, and US Methane Emissions Reduction Action Plan.

Crude Oil

The Downstream segment also markets and delivers fuel products to consumers and businesses. The Chemicals segment produces the full range of petrochemicals including plastics, resins and synthetic rubber. Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or «retain», we are then able to evaluate a company’s future ability to generate profits.

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Exxon Mobil has increased its dividend for the past 41 consecutive years. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We’d like to share more about how we work and what drives our day-to-day business.

Looking at the current analyst consensus data, we can see that the company’s future payout ratio is expected to rise to 44% over the next three years. Accordingly, the expected increase in the payout ratio explains the expected decline in the company’s ROE to 16%, over the same period. The key takeaway from the latest OPEC meeting is that the internal member dynamics are highly divisive and chaotic, in our view.

Dividend Strength

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. 436 employees have rated Exxon Mobil Chief Executive Officer Darren Woods on Glassdoor.com. Darren Woods has an approval rating of 26% among the company’s employees. This puts Darren Woods in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 43.0% of employees surveyed would recommend working at Exxon Mobil to a friend. The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.

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