The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
President Donald Trump's recently imposed tariff has rattled the equity market. The question in everybody's mind is whether the tariffs will be in place for an extended period.
Exxon Mobil (XOM) closed at $102.94 in the latest trading session, marking a -1.34% move from the prior day.
ExxonMobil (XOM -7.35%) recently gave investors a glimpse into its upcoming first-quarter earnings report. The oil giant expects to report a roughly $900 million increase in its quarterly profit.
XOM expects higher oil and natural gas, and stronger oil refining margins to boost first-quarter earnings by $900 million.
XOM can also lean on its strong balance sheet when its business scenario turns volatile and uncertain.
Exxon Mobil Corporation XOM will release its first-quarter financial results after the closing bell on Thursday, April 3.
Exxon Mobil Corporation is facing various market headwinds but remains well-positioned with its strategic business portfolio diversification and inventory management. Its high cash flows and strong balance sheet allow it to sustain its capacity and cover borrowings and dividends easily. Natural gas may become its key driver as data centers may boost its price and demand.
In the closing of the recent trading day, Exxon Mobil (XOM) stood at $118.93, denoting a +1.02% change from the preceding trading day.
Exxon Mobil's historical transition from kerosene to gasoline highlights its ability to adapt and innovate for future market demands. The company achieved relatively strong Q4 performance. Management targets $2.3 trillion in new markets, including lithium.
Oil and natural gas giant ExxonMobil (XOM -0.24%) currently trades in the middle of its 52-week range. The company is coming off a banner 2024 in which it achieved record production levels from key assets and its third-highest profits in a decade.