Shares of the US energy supermajor Exxon Mobil gained nearly a full percentage point during Friday’s trading session, as investors keyed in on the company’s attractive valuation and steady dividend payments.
Exxon Mobil Corp (NYSE: XOM) demonstrated significant strength in the market, with its stock price closing at
1.04, or 0.94%, for the day, signaling strong bullish sentiment surrounding the energy giant.
The stock’s performance on July 28 was marked by consistent upward pressure throughout the trading hours. After opening the session at $111.00, slightly below its eventual close, shares rallied to hit a daily high of $112.11. The low for the day was a resilient $110.84, well above the previous day’s close of $110.40, indicating that buyers were in firm control. The positive momentum carried over into extended trading, with the stock ticking up an additional 0.036% to $111.48 in after-hours activity.
Driving this investor interest are several key financial metrics that paint a picture of a fundamentally sound enterprise. With a massive market capitalization of 48.03KCr, Exxon Mobil remains a cornerstone of the global energy sector. Its Price-to-Earnings (P/E) ratio of 14.74 suggests a reasonable valuation compared to its earnings, a factor often sought by value investors.
Furthermore, Exxon’s commitment to shareholder returns remains a major draw. The company offers a solid dividend yield of 3.55%, stemming from a quarterly dividend payment of $0.99 per share. This consistent income stream makes XOM a staple for many long-term and income-focused portfolios.
The day’s closing price places the stock comfortably within its 52-week range, which has a low of $97.80 and a high of $126.34. While the stock has recovered significantly from its yearly lows, it still has considerable ground to cover before re-testing its peak, a scenario that market watchers will be monitoring closely. As global energy dynamics continue to evolve, the performance of industry leaders like Exxon Mobil will remain a critical barometer for the health of the sector.
