Investors Buy Shares of Exxon Mobil Corporation (XOM) on Weakness
Traders purchased shares of Exxon Mobil Corporation (NYSE:XOM) on weakness during trading on Friday. $133.03 million flowed into the stock on the tick-up and $73.92 million flowed out of the stock on the tick-down, for a money net flow of $59.11 million into the stock. Of all stocks tracked, Exxon Mobil Corporation had the 10th highest net in-flow for the day. Exxon Mobil Corporation traded down ($0.31) for the day and closed at $81.71
A number of equities research analysts recently weighed in on XOM shares. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price target for the company in a report on Tuesday, August 29th. Wolfe Research cut Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Zacks Investment Research lowered Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. BMO Capital Markets raised their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 21st. Finally, Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $84.75.
The company has a market cap of $346.21 billion, a price-to-earnings ratio of 29.46 and a beta of 0.82. The stock’s 50 day moving average price is $79.01 and its 200-day moving average price is $80.74.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. On average, analysts expect that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were paid a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.77%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Exxon Mobil Corporation by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after buying an additional 10,366,636 shares during the last quarter. State Street Corp increased its stake in shares of Exxon Mobil Corporation by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after purchasing an additional 15,740,895 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Exxon Mobil Corporation by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after purchasing an additional 2,058,060 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Exxon Mobil Corporation by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after purchasing an additional 604,537 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Exxon Mobil Corporation by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after purchasing an additional 1,406,529 shares during the last quarter. Hedge funds and other institutional investors own 50.74% of the company’s stock.
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About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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