Where will XOM stock be in 5 years? (2024)

Where will XOM stock be in 5 years?

Exxon Mobil stock price stood at $119.88

What will Exxon Mobil stock price be in 2025?

How high will Exxon stock go?

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Exxon Mobil stock have an average target of 132.33, with a low estimate of 110 and a high estimate of 150. The average target predicts an increase of 10.39% from the current stock price of 119.88.

What is the stock price forecast for XOM in 2024?

Exxon Mobil Stock Forecast & Predictions: 1Y Price Target $132.54 | Buy or Sell NYSE: XOM 2024 | WallStreetZen.

Is xom stock a good long-term investment?

Based on analyst ratings, Exxon Mobil's 12-month average price target is $125.31. Exxon Mobil has 12.62% upside potential, based on the analysts' average price target. Exxon Mobil has a conensus rating of Moderate Buy which is based on 11 buy ratings, 6 hold ratings and 0 sell ratings.

Is XOM going to split?

As of early 2023, ExxonMobil had not announced an upcoming stock split.

What is the future of Exxon Mobil?

Exxon also continues to advance its cost-cutting. It now expects to deliver a cumulative $15 billion in structural cost savings by 2027. That suggests it's on track to increase its earnings by nearly $6 billion over the next few years on cost savings alone.

Who owns the most Exxon stock?

According to the latest TipRanks data, approximately 31.09% of the company's stock is held by institutional investors, 0.81% is held by insiders, and 47.39% is held by retail investors. Vanguard owns the most shares of Exxon Mobil (XOM).

Is Exxon Mobil undervalued?

In addition to the earnings-based intrinsic value measures, Exxon is also shown to be undervalued using a dividend discount model. The convergence of the free cash flow and dividend-based intrinsic value measures both suggest comparable upside.

Why is Exxon stock doing so well?

Yet the real reason why the stock is a good value is because of all the reasons discussed. In 2023, Exxon proved that when Brent crude oil averages a price in the low-$80-per-barrel range, it can fund its operations, long-term investments, dividend growth, buybacks, and low-carbon investments with cash.

Will Xom stock go up in 2024?

ExxonMobil could hit a half-trillion-dollar market cap in 2024. ExxonMobil (XOM -0.57%) and the broader energy sector have been on a tear the last month, crushing the S&P 500's 3.6% gain. A big part of the run-up is due to rising crude oil prices.

Is Exxon a buy, sell, or hold?

The Exxon stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock.

Should I buy Xom stock now?

Exxon Mobil currently has a Zacks Rank of #3 (Hold). Investors should also note Exxon Mobil's current valuation metrics, including its Forward P/E ratio of 12.62. This denotes a premium relative to the industry's average Forward P/E of 7.6. Investors should also note that XOM has a PEG ratio of 4.21 right now.

Is Chevron or Exxon a better stock?

Trailing and forward price multiples compare head on when it comes to these two energy giants. Analysts do appear to side with ExxonMobil at the moment, with the stock offering 21.7% upside as compared to Chevron offering 19.49% upside. Clearly, both stocks compare head-on before Q4 earnings.

What is the highest Exxon stock has ever been?

What will Exxon stock price be in 2030?

Is Exxon merging?

Deal to purchase Pioneer Natural Resources

On October 11, Exxon Mobil Corporation (NYSE:XOM) and Pioneer Natural Resources (PXD) jointly announced a definitive agreement under which Exxon Mobil will acquire Pioneer.

Why is Exxon stock dropping?

Exxon's Stock Follows Oil Prices

As with other oil stocks, Exxon will rise and fall with crude oil prices. So even when Exxon looks good based on fundamentals, crude oil prices may suddenly plunge, taking XOM stock down, too. On the other hand, a rise in oil prices may help lift the stock.

How many times does Exxon pay dividends?

Exxon Mobil Dividend Information

Exxon Mobil has an annual dividend of $3.80 per share, with a forward yield of 3.17%. The dividend is paid every three months and the last ex-dividend date was Feb 13, 2024.

Why are employees fleeing Exxon?

A performance-based ranking system that pits workers against one another — discouraging employees from challenging managers — as well as accelerated efforts to offshore jobs have been driving departures. By the end of last year, Exxon's attrition rate (18%) was almost double the average of its industry peers.

Is ExxonMobil in debt?

Total debt on the balance sheet as of December 2023 : $41.57 B. According to Exxon Mobil's latest financial reports the company's total debt is $41.57 B. A company's total debt is the sum of all current and non-current debts.

Is ExxonMobil expanding?

SPRING, Texas – ExxonMobil today announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil's long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities.

Who is Exxon merging with?

The acquisition would combine Pioneer's more than 856,000 acres in the Midland Basin with ExxonMobil's 570,000 net acres in the adjacent Delaware and Midland Basins resulting in an estimated 16 billion barrels of oil equivalent resources in the Permian Basin.

Who are the largest investors in Exxon?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Fmr Llc, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, XLE - The Energy Select Sector SPDR Fund, Geode Capital Management, Llc, Jpmorgan Chase & Co, and Bank Of America ...

Did 7 Eleven buy Exxon?

In August 2011, 7-Eleven announced it was acquiring 51 ExxonMobil-owned and operated On the Run locations in the Dallas/Fort Worth area; the convenience stores were re-branded as 7-Eleven, but will still sell Exxon-branded gasoline.