How to Buy Exxon Mobil Stock
Exxon Mobil Corp
Exxon Mobil is a oil & gas integrated company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker XOM on the NYSE exchange.
Exxon Mobil stock last closed at $110.82, down 3.64% from the previous day, and has decreased 2.93% in one year. It has underperformed other stocks in the Oil & Gas Integrated industry by 0 percentage points. Exxon Mobil stock is currently +15.71% from its 52-week low of $95.77, and -10.45% from its 52-week high of $123.75.
At the moment, there are 4.44B XOM shares outstanding. The market capitalization of XOM is $492.35B. In the last 24 hours, 20.23M XOM shares were traded.
How to Buy Exxon Mobil Stock
Not sure how to invest in Exxon Mobil stock? Here's how.
- Figure out where to buy Exxon Mobil stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Exxon Mobil stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your method of payment and add your information.
- Analyze Exxon Mobil stock: The Exxon Mobil ticker symbol is XOM. Is Exxon Mobil stock a good investment? Should you buy shares of XOM? How do XOM's underlying business fundamentals look? Do top analysts think Exxon Mobil is a good buy? Why has XOM's stock price moved recently? (Hint: Our stock analysis website can help you decide if XOM is a good stock to buy).
- Execute your XOM purchase: Decide if you will purchase XOM shares at the current market price or use a limit order to purchase XOM stock at a particular price.
- Keep tabs on your XOM position: Create a watchlist to keep track of your position in Exxon Mobil shares.
Step 1: Figure out where to buy Exxon Mobil stock
You need an online brokerage account in order to access the NYSE market and buy XOM stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you can buy XOM today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you've finished signing up on the best free stock trading app, you need to deposit funds:
Watch the tutorial below if you need help depositing money into your new brokerage account.
Step 4: Analyze Exxon Mobil stock
Once you have decided on the best place to buy Exxon Mobil stock, it's absolutely critical to analyze their stock before you buy, so you truly understand the risk as well as the upside.
Overview of key XOM info
Fundamentals of XOM
WallStreetZen was built to help average investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on XOM's stock page.
Is XOM stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge XOM's fair value.
Using relative valuations ratios:
- XOM could be overvalued based on its P/E ratio of 13.26x, relative to Oil & Gas Integrated industry P/E ratio of 11.02x
- XOM may be overvalued based on its P/B ratio of 1.83x, relative to Oil & Gas Integrated industry P/B ratio of 1.44x
- XOM may be overvalued based on its PEG ratio of 2.01x
You can access additional valuation research on XOM's stock here.
XOM Financials at a glance
Pros:
- There are more short-term assets than short-term liabilities on the XOM balance sheet.
- Total XOM debt is lower than 5 years ago, relative to shareholder equity.
- XOM earnings of $49.96B is not enough to cover its interest payments.
- XOM's operating cash flow of $54.87B allows it to safely service it's debt of $43.19B.
Cons:
- XOM profit margin has gone down from 13.7% to 9.7% in the past year.
- There are more long-term liabilities than short-term assets on the XOM balance sheet.
- XOM has a relatively high debt to equity ratio of 0.69.
Do Wall Street analysts think it's a good time to buy XOM stock
Out of 12 sell side analysts who give forecasts on XOM, the consensus analyst rating on Exxon Mobil is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent XOM Analyst Ratings
Biraj Borkhataria, a top 41% analyst from RBC Capital reiterates XOM with a hold rating and maintains their XOM price target from $135.00 to $135.00, on Jul 9, 2024.
Devin McDermott, a top 3% analyst from Morgan Stanley reinstates XOM with a strong buy rating and announces their XOM price target of $145.00, on May 15, 2024.
Nitin Kumar, a top 3% analyst from Mizuho maintains XOM with a hold rating and raises their XOM price target from $125.00 to $128.00, on May 13, 2024.
Gordon Gray, a top 33% analyst from HSBC maintains XOM with a hold rating and raises their XOM price target from $111.00 to $120.00, on Apr 30, 2024.
Jason Gabelman, a top 21% analyst from TD Cowen maintains XOM with a strong buy rating and raises their XOM price target from $128.00 to $135.00, on Apr 30, 2024.
TD Cowen's Jason Gabelman raised their price target on Exxon Mobil (NYSE: XOM) by 5.5% from $128 to $135 on 2024/04/30. The analyst maintained their Strong Buy rating on the stock.
Exxon Mobil's underlying performance remains strong, demonstrated by its ability to "nearly organically fund a normalized buyback," the analyst said after studying the company's Q1 2024 print, reported on 2024/04/26.
This trend will continue given that many large projects are coming online in 2025, Gabelman predicted.
Earnings Report
For Q1 2024, Exxon Mobil reported:
- EPS of $2.06, which missed the Zacks Consensus Estimate of $2.19 and, by 27.2%, Q1 2023’s $2.83.
- Revenue of $83.08B, which missed the Zacks Consensus Estimate of $86.6B and, by 4%, Q1 2023’s $86.56B.
- Capital and exploration expenditures of $5.8B.
Management reiterated its FY 2024 guidance:
- Capital and exploration expenditures of $23B to $25B.
Chairman & CEO Darren Woods commented: “Our strategy and focus on execution excellence is creating significant value for society and our shareholders.
“We delivered a strong quarter with continued growth in advantaged assets, such as Guyana, where production continues at higher-than-expected levels, contributing to historic economic growth for the Guyanese people.
“In Product Solutions, our strong turnaround performance on cost and schedule helped drive record first-quarter refining throughput.
“Looking ahead, we’re making great progress on our plans to grow the earnings power of our existing businesses from investments in advantaged assets and higher-value products, and further reduce structural costs.
“We are investing in technology to transform the molecules derived from oil and natural gas into products that extend our reach into new, high-value, high-growth markets to capture even greater value from our core competitive advantages.”
You can dig deeper into what analysts are forecasting on the Exxon Mobil stock forecast page.
XOM Technical Indicators
How is XOM performing as a company?
Last year, XOM earnings were $34.16B. In the past five year, XOM's earnings have grown by 15.04% per year. This was faster than the Oil & Gas Integrated industry average of 11.73%.
Last year, XOM revenue was $351.25B. During the last 5 year, XOM's revenue has increased by 4.55% per year. This was faster than the Oil & Gas Integrated industry average of 3.82%.
Learn more about XOM's earnings and revenue performance here.
Are XOM insiders buying or selling the stock?
In the past 12 months, insiders at XOM have sold more shares than they have bought.
Maria S. Dreyfus, Director of XOM, was the latest XOM insider to buy. They bought $2,000,385.81 worth of XOM stock on Jun 17, 2024.
Get more info about who owns XOM shares here.
Does XOM provide a stable income stream?
Exxon Mobil pays a dividend of 3.43%, compared to the Oil & Gas Integrated industry's average dividend yield of 6.94%. If you owned $1,000 of XOM stock, you would have been paid $34.29 in the past 12 months.
Exxon Mobil dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Exxon Mobil dividend yield and history here.
What do other traders have to say about XOM?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your XOM purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, place a limit order.
Click the Open Trade button and your broker will place your order.
If you want additional info about buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your XOM position
Now that you own some XOM stock, you'll want to keep up with your investment.
Make a watchlist to track the latest developments regarding your XOM stock.
XOM Feed
How to Buy Stock in Exxon Mobil
To reiterate, here are the 6 steps to buy stock in Exxon Mobil:
- Figure out where to buy Exxon Mobil stock
- Create your brokerage account
- Deposit funds into your investment account
- Analyze Exxon Mobil stock
- Execute your XOM purchase
- Keep tabs on your XOM position
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your new investment in Exxon Mobil, create a watchlist on WallStreetZen today.
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