Exxon Mobil Corp. stock trades under the ticker XOM & has shown recent bullish behavior that traders & investors should research further into.
XOM stock closed at $95.27/share on 10/4/2022.
Exxon Mobil Corp. XOM Stock’s Technical Performance Broken Down
XOM Stock Price: $95.27
10 Day Moving Average: $88.90
50 Day Moving Average: $92.82
200 Day Moving Average: $84.07
RSI: 57.08
MACD: -0.982
Yesterday, XOM stock completed a bullish MACD crossover, gapping up 3.64%.
Recent volumes have been about average for the last year, although they are less than they were in the winter/spring & their RSI is on the overbought side of neutal, signaling that there may be a cool-off period for their price in the near-term.
They have support at the $92.34 & $92.30/share price levels, as they try to break above the $96.58 & $99.19/share resistance levels.
Exxon Mobil Corp. XOM Stock As A Long-Term Investment
Long-term oriented investors will like XOM stock’s 9.55 P/E (ttm), but may find that their 2.05 P/B (mrq) is a bit too rich.
They recently reported 68.9% Quarterly Revenue Growth Y-o-Y, with 280.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination, with $18.86B of Total Cash (mrq) & $46.88B of Total Debt (mrq).
XOM stock pays a 3.82% dividend, which appears to be stable in the long-term, as their payout ratio is 38.4%.
58.78% of XOM stock’s outstanding share float is owned by institutional investors.
Exxon Mobil Corp. XOM Stock As A Short-Term Trade Using Options
Short-term focused traders can trade options to protect their holdings from volatility, while also profiting from price movements in XOM stock.
I am looking at the contracts with the 10/21 expiration date.
The $95, $92.50 & $94 call options are all in-the-money, listed from highest to lowest level of open interest.
The $97.50, $96 & $98 puts are also all in-the-money, with the former being more liquid than the latter.
Tying It All Together
XOM stock has many interesting attributes that traders & investors are sure to like.
Investors will like their dividend yield & recent growth, but may want to look closer into the structure of their balance sheet.
Traders will like their recent technical performance, as well as the liquidity of their options.
All-in-all, it is worth taking a closer look into XOM stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF XOM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***