Exxon Mobil Corp. (XOM) Shares Gap Up to $87.56
Exxon Mobil Corp. (NYSE:XOM) gapped up prior to trading on Monday . The stock had previously closed at $87.36, but opened at $87.56. Exxon Mobil Corp. shares last traded at $88.36, with a volume of 4,460,942 shares.
A number of equities research analysts have weighed in on XOM shares. Independent Research GmbH set a $90.00 target price on Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Monday, May 9th. Argus upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Wednesday, May 18th. They noted that the move was a valuation call. Morgan Stanley set a $95.00 target price on Exxon Mobil Corp. and gave the stock a “sell” rating in a report on Monday, June 13th. Goldman Sachs Group Inc. set a $98.00 target price on Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Friday, June 10th. Finally, Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, June 30th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $86.65.
The company has a 50-day moving average of $91.75 and a 200-day moving average of $86.56. The firm has a market capitalization of $367.35 billion and a price-to-earnings ratio of 35.18.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same quarter in the prior year, the business posted $1.00 EPS. Exxon Mobil Corp.’s revenue was down 22.2% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Corp. will post $2.35 EPS for the current year.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.39%.
In other news, 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 transaction, the vice president now directly owns 208,033 shares in the company, valued at approximately $18,891,476.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the vice president now owns 230,299 shares in the company, valued at $20,496,611. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Exxon Mobil Corp. by 4.1% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 13,692 shares of the company’s stock worth $1,067,000 after buying an additional 538 shares during the period. K.J. Harrison & Partners Inc boosted its position in shares of Exxon Mobil Corp. by 100.7% in the fourth quarter. K.J. Harrison & Partners Inc now owns 13,950 shares of the company’s stock worth $1,087,000 after buying an additional 7,000 shares in the last quarter. Security National Bank of SO Dak boosted its position in shares of Exxon Mobil Corp. by 0.3% in the fourth quarter. Security National Bank of SO Dak now owns 17,307 shares of the company’s stock worth $1,349,000 after buying an additional 55 shares in the last quarter. Windsor Capital Management LLC boosted its position in shares of Exxon Mobil Corp. by 2.3% in the fourth quarter. Windsor Capital Management LLC now owns 17,893 shares of the company’s stock worth $1,394,000 after buying an additional 407 shares in the last quarter. Finally, Lipe & Dalton boosted its position in shares of Exxon Mobil Corp. by 1.4% in the fourth quarter. Lipe & Dalton now owns 18,017 shares of the company’s stock worth $1,404,000 after buying an additional 250 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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