Yield

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>XOM stock price opposed last week’s price performance with the recent bulls’ support.</a> </li> 
 <li> <span>2</span> <a>Since last week, XOM stock price dropped nearly 1.44%.</a> </li> 
</ul> 
<p>Exxon Mobil Corp. (XOM) stock price showed a bullish trend in its pre-market trading session which shows a “strong buy” technical rating in one day. Out of 45 similar industry stocks, XOM stock price showed a maximum price gain in one day of 1.51%. It must be noted that this bullish trend in its price was due to increased volume activity which is 16.224 Million.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh6.googleusercontent.com/1p2vhXNqg-IJjEUzclYFhvW5ecjohRMVb4tCM0p8_h2dj91_YYbpvnHX7y7Zk26S3e9qiXqMfSCXywBtjjlWPuojOsj6OuWVRRBzc14sv1oy27pSQePaVRG9P1n5BOy9jyiKyECBMF0XMb5zb923ww" alt="XOM Stock Price Analysis Indicates “Strong Buy” Technical Rating" style="width: 100%;height:307px" width="1221" height="307"> 
 </figure> 
</div> 
<p>Besides XOM stock, Suncor Energy Inc. (NYSE: SU), Imperial Oil Ltd (NYSEAMERICAN: IMO), and Denbury Inc. (NYSE: DEN) also show similar technical ratings. As the above chart shows, by indicating a “strong buy” technical rating” SU stock, IMO stock and DEN stock prices have noted 1.44%, 1.48%, and 1.65% increase in one day, respectively.</p> 
<h2 class="wp-block-heading" id="strong-will-xom-price-reach-111-00-strong"><strong>Will XOM Price Reach $111.00?</strong></h2> 
<p>According to the last update on August 18, 2023, Friday’s trading session, XOM stock price closed at $110.04, with a 1.51% price rise. As in the previous trading session, bears have shown their dominance, Exxon Mobil stock price traveled upside from its 20-day moving average.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/shEE8GhAIUxBPfVPXDovj0y7CwdSOEkAA6f5Etlh3sTRRuulbvWsqcWNuehbO7k42hewf_J3xk5A-RNQjuCCMj8PxDpsb9lka4dXAtIVKtTFfkx5kUCMmHPNgaIouO7c6aAeDP-9cfkTJvxMQpx3tQ" alt="XOM Stock Price Analysis Indicates “Strong Buy” Technical Rating"> 
  <figcaption class="wp-element-caption"> <strong>Source: XOM/USD by </strong><a href="https://www.tradingview.com/x/Tu0CDrPl/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>In the pre-market trading session, XOM stock price showed a slight upside from its last closing price. It must be noted that due to increased volume activity, XOM stock price would reach near $111.00 if supported by similar trading activity.</p> 
<p>Near last weekend, XOM stock price was trading near its 20 and 50-day moving averages. Meanwhile, on August 18th, Friday, XOM stock surpassed its $110.00 trading mark while its RSI also started showing an upside trend.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh4.googleusercontent.com/R_UnbFdLQ0cBthPP7rhvtmqKgt1BnIb71jZesPVQQCy2MQboUBA1wOV6lR6k2PZvR5WTUPDmQnJfLIg1cr213Qs1k6NFa_7wmoP24z2gaqiG6SB50Mordcd6ta8wimeBpYkBdymQXV_12jabjGYXzw" alt="XOM Stock Price Analysis Indicates “Strong Buy” Technical Rating" style="width: 100%;height:526px" width="1102" height="526"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of Exxon Mobil Corp. Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Furthermore, the analysts have set their one-year price estimate at $121.27, up over 10% from the recent closing of XOM <a href="https://www.thecoinrepublic.com/2023/08/17/barc-stock-experienced-over-47-million-volume-in-recent-one-day/" rel="noopener noreferrer nofollow">stock</a>. Their maximum estimate is resting at $145.00 while the minimum estimate is $100.00. Although, in the past three months, analysts have given a “buy” rating to Exxon Mobil Corporation.</p> 
<h3 class="wp-block-heading" id="strong-the-financial-highlights-of-exxon-mobil-strong"><strong>The Financial Highlights of Exxon Mobil</strong></h3> 
<p>Exxon Mobil Corp. (NYSE: XOM), an American multinational oil and gas corporation, has a net income of $7.88 Billion in the recent Q2 2023. Its price-to-sales ratio is 1.22 while it has an Enterprise Value to EBITDA ratio of 5.98. Its dividends are paid quarterly and the last dividend per share was $0.91 while as of today, the Dividend Yield (TTM)% is 3.28%.</p> 
<p>According to its Q2 2023 earnings results,<a href="https://www.thecoinrepublic.com/2023/08/16/xom-stock-2-57-intraday-sellers-dominate-reversal-possible/" target="_blank" rel="noopener noreferrer nofollow"> XOM earnings per share</a><a href="https://www.thecoinrepublic.com/2023/08/19/crm-stock-price-weekly-analysis-supported-its-monthly-analysis/" target="_blank" rel="noopener noreferrer nofollow"> </a>(EPS) is $1.94 whereas the estimation was $2.03 which accounts for a negative 4.65% surprise. The revenue for a similar period reached $82.91 Billion despite the estimated figure of $81.80 Billion. For the upcoming quarter, the estimated EPS is $2.18, and revenue is expected to reach $85.80 Billion.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

XOM Stock Price Analysis Indicates “Strong Buy” Technical Rating

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Thecoinrepublic.com

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