Traders Sell Shares of Exxon Mobil Corporation (XOM) on Strength (XOM)
Investors sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading hours on Tuesday. $95.45 million flowed into the stock on the tick-up and $237.92 million flowed out of the stock on the tick-down, for a money net flow of $142.47 million out of the stock. Of all stocks tracked, Exxon Mobil Corporation had the 5th highest net out-flow for the day. Exxon Mobil Corporation traded up $0.32 for the day and closed at $80.87
Several research analysts have recently issued reports on the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $80.00 price target (down previously from $81.00) on shares of Exxon Mobil Corporation in a research note on Friday, August 18th. Cowen and Company reaffirmed a “buy” rating and set a $100.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Jefferies Group LLC set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “hold” rating in a research note on Thursday, July 27th. set a $81.50 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research note on Thursday, August 17th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $85.78.
The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a market capitalization of $342,650.00, a PE ratio of 22.54, a PEG ratio of 1.69 and a beta of 0.83.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the company posted $0.63 EPS. sell-side analysts expect that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of XOM. State Street Corp grew its stake in 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 buying an additional 15,740,895 shares during the last quarter. Vanguard Group Inc. grew its stake in Exxon Mobil Corporation by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Exxon Mobil Corporation by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares during the last quarter. Stifel Financial Corp grew its stake in Exxon Mobil Corporation by 37,429.2% during the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after buying an additional 3,764,256 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in Exxon Mobil Corporation by 8,029.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares during the last quarter. Hedge funds and other institutional investors own 50.76% of the company’s stock.
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Exxon Mobil Corporation Company Profile
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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