Traders Sell Shares of Exxon Mobil Corp. (XOM) on Strength (XOM)
Traders sold shares of Exxon Mobil Corp. (NYSE:XOM) on strength during trading hours on Tuesday. $103.72 million flowed into the stock on the tick-up and $134.40 million flowed out of the stock on the tick-down, for a money net flow of $30.68 million out of the stock. Of all stocks tracked, Exxon Mobil Corp. had the 0th highest net out-flow for the day. Exxon Mobil Corp. traded up $0.11 for the day and closed at $87.92
A number of equities research analysts have recently weighed in on XOM shares. Credit Agricole SA reiterated a “buy” rating on shares of Exxon Mobil Corp. in a report on Tuesday. JPMorgan Chase & Co. set a $95.00 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Monday, July 11th. Argus upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Wednesday, May 18th. They noted that the move was a valuation call. Barclays PLC reiterated an “equal weight” rating and issued a $102.00 price target on shares of Exxon Mobil Corp. in a report on Thursday, July 28th. Finally, Credit Suisse Group AG boosted their price target on Exxon Mobil Corp. from $73.00 to $78.00 and gave the company an “underperform” rating in a report on Monday, May 2nd. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. Exxon Mobil Corp. presently has an average rating of “Hold” and an average target price of $87.25.
The firm’s 50-day moving average is $91.22 and its 200-day moving average is $87.05. The firm has a market cap of $364.57 billion and a PE ratio of 34.92.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $3.00 annualized dividend and a dividend yield of 3.41%.
In other news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $89.00, for a total value of $1,068,000.00. Following the transaction, the vice president now directly owns 230,299 shares in the company, valued at approximately $20,496,611. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $90.81, for a total value of $544,860.00. Following the completion of the transaction, the vice president now owns 208,033 shares in the company, valued at $18,891,476.73. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of XOM. Farr Miller & Washington LLC DC raised its position in Exxon Mobil Corp. by 0.6% in the fourth quarter. Farr Miller & Washington LLC DC now owns 237,069 shares of the company’s stock valued at $18,479,000 after buying an additional 1,423 shares in the last quarter. Frontier Investment Mgmt Co. raised its position in Exxon Mobil Corp. by 2.4% in the fourth quarter. Frontier Investment Mgmt Co. now owns 196,719 shares of the company’s stock valued at $15,298,000 after buying an additional 4,528 shares in the last quarter. Autus Asset Management LLC raised its position in Exxon Mobil Corp. by 66.1% in the fourth quarter. Autus Asset Management LLC now owns 37,290 shares of the company’s stock valued at $2,906,000 after buying an additional 14,843 shares in the last quarter. Calvert Investment Management Inc. raised its position in Exxon Mobil Corp. by 31.0% in the fourth quarter. Calvert Investment Management Inc. now owns 36,800 shares of the company’s stock valued at $2,869,000 after buying an additional 8,700 shares in the last quarter. Finally, Cheviot Value Management LLC raised its position in Exxon Mobil Corp. by 9.1% in the fourth quarter. Cheviot Value Management LLC now owns 21,421 shares of the company’s stock valued at $1,670,000 after buying an additional 1,788 shares in the last quarter.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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