Investors Buy Exxon Mobil (XOM) on Weakness
Traders bought shares of Exxon Mobil Co. (NYSE:XOM) on weakness during trading hours on Tuesday. $323.60 million flowed into the stock on the tick-up and $157.80 million flowed out of the stock on the tick-down, for a money net flow of $165.80 million into the stock. Of all stocks tracked, Exxon Mobil had the 5th highest net in-flow for the day. Exxon Mobil traded down ($0.10) for the day and closed at $86.50
Several research firms have recently commented on XOM. HSBC reissued a “buy” rating and issued a $93.50 price target on shares of Exxon Mobil in a research report on Monday, July 16th. Societe Generale set a $92.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, August 6th. Macquarie reissued a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research report on Thursday, August 30th. Credit Suisse Group set a $80.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Finally, Jefferies Financial Group set a $87.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, September 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and an average price target of $87.13.
The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $360.90 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, August 10th. This represents a $3.28 annualized dividend and a yield of 3.79%. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.
In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.08% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in XOM. Alley Co LLC grew its stake in Exxon Mobil by 3.0% during the 4th quarter. Alley Co LLC now owns 62,812 shares of the oil and gas company’s stock valued at $5,254,000 after purchasing an additional 1,802 shares during the last quarter. Koch Industries Inc. grew its stake in Exxon Mobil by 343.1% during the 1st quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after purchasing an additional 9,676 shares during the last quarter. Eaton Vance Management grew its stake in Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after purchasing an additional 3,136,452 shares during the last quarter. First Financial Bank Trust Division grew its stake in Exxon Mobil by 3.5% during the 2nd quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after purchasing an additional 2,883 shares during the last quarter. Finally, TLP Group LLC grew its stake in Exxon Mobil by 2,160.1% during the 1st quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock valued at $317,000 after purchasing an additional 4,061 shares during the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.
About Exxon Mobil (NYSE:XOM)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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