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Exxon Mobil (XOM, $57.58) beats Q2 earnings expectations, on oil price surge
Exxon Mobil reported second quarter earnings that surpassed analysts’ expectations, thanks to global oil price surge-driven boost to revenue.
The oil behemoth’s adjusted earnings for the three months ending in June came in at $1.10 per share, compared to a -70 cents per share loss from the year-ago quarter. It exceeded consensus forecast by +12 cents.
Revenues rose +107% year-over-year to $67.75 billion, well above analysts' estimates of $65.6 billion.
West Texas Intermediate crude prices traded between $63 and $75 per barrel over the three months ending in June - around +300% higher than the pandemic-induced troughs over the same period last year.
XOM's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for XOM turned positive on May 16, 2022. Looking at past instances where XOM's MACD turned positive, the stock continued to rise in 26 of 41 cases over the following month. The odds of a continued upward trend are 63%.
Current price $91.03 crossed the resistance line at $90.31 and is trading between $91.96 resistance and $90.31 resistance lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a +6% Uptrend. During the week of 05/09/22 - 05/16/22, the stock enjoyed a +9% Uptrend growth.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 33 of 61 cases where XOM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 54%.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on XOM as a result. In 53 of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 60%.
XOM moved above its 50-day Moving Average on April 27, 2022 date and that indicates a change from a downward trend to an upward trend.
Following a +5.48% 3-day Advance, the price is estimated to grow further. Considering data from situations where XOM advanced for three days, in 182 of 317 cases, the price rose further within the following month. The odds of a continued upward trend are 57%.
The Aroon Indicator entered an Uptrend today. In 126 of 267 cases where XOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 47%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XOM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.
XOM broke above its upper Bollinger Band on May 04, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 71%. During the last month, the daily ratio of advancing to declining volumes was 1.94 to 1.
The Tickeron Price Growth Rating for this company is 10 (best 1 - 100 worst), indicating outstanding price growth. XOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 27 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 36 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 41 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock slightly better than average.
The Tickeron Seasonality Score of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 81 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: XOM's P/B Ratio (2.219) is slightly higher than the industry average of (1.167). P/E Ratio (14.728) is within average values for comparable stocks, (30.535). Projected Growth (PEG Ratio) (1.735) is also within normal values, averaging (1.493). Dividend Yield (0.040) settles around the average of (0.133) among similar stocks. P/S Ratio (1.237) is also within normal values, averaging (5.020).
Integrated oil companies are involved across nearly the entire oil value chain – from upstream operations like exploration and production, to downstream functions of refining and marketing. Exxon Mobil Corporation, Chevron Corporation and BP are major integrated oil companies. Their bottom lines’ response to crude oil prices could depend on the proportion of upstream vs. downstream businesses; for example, if a company has substantial downstream business, the adverse impact on their upstream business due to falling crude prices could be mitigated by benefits to its downstream business.
The average market capitalization across the Integrated Oil Industry is 51.9B. The market cap for tickers in the group ranges from 475.9K to 375.5B. XOM holds the highest valuation in this group at 375.5B. The lowest valued company is TRNAF at 475.9K.
- 5/10/22 5:36 AM: Exxon Mobil (XOM, $84.46), market cap dropped by $30.6B
The average weekly price growth across all stocks in the Integrated Oil Industry was 2.68%. For the same Industry, the average monthly price growth was -1.2%, and the average quarterly price growth was 1.62%. PGAS experienced the highest price growth at 23.21%, while MGYOY experienced the biggest fall at -11.35%.
- 5/12/22 5:38 AM: Exxon Mobil (XOM, $86.79) was a top loser this week, declining -5.35%. Expect a Downtrend reversal
- 5/3/22 8:19 AM: Exxon Mobil (XOM, $86.41) was a top weekly gainer, with a +5.04% jump
- 4/26/22 5:09 AM: Exxon Mobil (XOM, $82.26) was a top loser this week, declining -7.1%
The average weekly volume growth across all stocks in the Integrated Oil Industry was 0.17%. For the same stocks of the Industry, the average monthly volume growth was 36.03% and the average quarterly volume growth was 60.59%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the BollingerBands Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 48%. During the last month, the daily ratio of advancing to declining volumes was 1.3 to 1.
16 stocks in the group of tickers confirmed the positive outlook based on the RSI indicator with average odds of 75%.
The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), BP plc (NYSE:BP), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR), Suncor Energy (NYSE:SU), APA Corp (NASDAQ:APA), Chesapeake Energy Corp (NASDAQ:CHK), Tellurian (NASDAQ:TELL), YPF Sociedad Anonima (NYSE:YPF).
The average market capitalization across the group is 31.1B. The market cap for tickers in the group ranges from 1.3M to 375.5B. XOM holds the highest valuation in this group at 375.5B. The lowest valued company is TDNT at 1.3M.
- 5/10/22 5:36 AM: Exxon Mobil (XOM, $84.46), market cap dropped by $30.6B
- 4/22/22 6:39 AM: PetroChina (PCCYF, $0.47), market cap jumped by $45.2B
- 4/5/22 5:37 AM: PetroChina (PCCYF, $0.53) saw a $58.2B market cap increase this week
The average weekly price growth across all stocks in the group was 1.86%. For the same group, the average monthly price growth was -8.16%, and the average quarterly price growth was 17.5%. INDO experienced the highest price growth at 26.92%, while ARSEF experienced the biggest fall at -47.79%.
- 5/12/22 5:38 AM: Exxon Mobil (XOM, $86.79) was a top loser this week, declining -5.35%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: BP (BP, $30.22) was a top loser this week, declining -5.12%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: APA (APA, $38.3) was a top loser this week, declining -15.27%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 33.85%. For the same stocks of the group, the average monthly volume growth was 246.55% and the average quarterly volume growth was 3585.87%
- 4/30/22 5:53 AM: The volume for National Fuel Gas stock increased for one day, resulting in a record-breaking daily growth of 292% of the 65-Day Volume Moving Average
- 3/19/22 4:44 AM: The volume for Hess Midstream stock increased for a consecutive 5 days, with an average daily gain of 274%
- 3/18/22 7:08 AM: The volume for Hess Midstream stock increased for four consecutive days, resulting in a record-breaking daily growth of 97% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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