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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Arabian Oil Company    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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Apple tops Saudi Aramco as most valuable publicly listed company

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07/31/2020 | 09:43pm EDT
The logo of Apple company is seen outside an Apple store in Bordeaux

Apple Inc's surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world's most valuable publicly listed company.

Apple's stock ended the session at $425.04, putting its market capitalization at $1.82 trillion, according to the share count provided by Apple in a regulatory filing on Friday.

It was Apple's largest one-day percentage gain since March 13, and it added $172 billion in market capitalization during the session, greater than the entire stock market value of Oracle Corp.

Saudi Aramco, which had been the most valuable publicly listed company since going public last year, had a market capitalization of $1.760 trillion as of its last close, according to Refinitiv data.

After Apple bought back $16 billion worth of shares in the June quarter, it had 4,275,634,000 outstanding shares, as of July 17, according to the filing.

With Friday's stock gain, Apple's has surged about 45% year to date, with investors betting that it and other major U.S. technology companies will emerge from the coronavirus pandemic stronger than smaller rivals.

In its quarterly report, Apple announced a four-for-one stock split, with trading on a split-adjusted basis starting on Aug. 31. It will be Apple's first share split since 2014.

Over 20 analysts raised their price targets for Apple's stock following the company's report, according to Refinitiv. However, the new median analyst price target of $409.63 is more than $15 short of Friday's closing price.

(Reporting by Subrat Patnaik and Noel Randewich; Editing by Anil D'Silva and Jonathan Oatis)

By Subrat Patnaik and Noel Randewich

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 10.47% 425.04 Delayed Quote.44.74%
ORACLE CORPORATION 0.36% 55.45 Delayed Quote.4.66%
SAUDI ARABIAN OIL COMPANY 0.15% 33 End-of-day quote.-6.38%
WTI -0.14% 40.055 Delayed Quote.-34.36%
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Financials
Sales 2020 826 B 220 B 220 B
Net income 2020 207 B 55 238 M 55 238 M
Net Debt 2020 267 B 71 325 M 71 325 M
P/E ratio 2020 32,5x
Yield 2020 4,21%
Capitalization 6 596 B 1 759 B 1 759 B
EV / Sales 2020 8,30x
EV / Sales 2021 6,33x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
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Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 30,92 SAR
Last Close Price 33,00 SAR
Spread / Highest target 18,2%
Spread / Average Target -6,30%
Spread / Lowest Target -28,8%
EPS Revisions
Managers
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Yasir bin Othman Al-Rumayyan Chairman
Khalid H. Al-Dabbagh Senior VP-Finance, Strategy & Development
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Mark Moody-Stuart Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SAUDI ARABIAN OIL COMPANY-6.38%1 758 828
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TOTAL SE-36.38%97 178
GAZPROM-29.01%57 950
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-26.44%56 546