Traders Sell Exxon Mobil Corp. (XOM) on Strength (XOM)
Traders sold shares of Exxon Mobil Corp. (NYSE:XOM) on strength during trading on Tuesday. $111.19 million flowed into the stock on the tick-up and $155.50 million flowed out of the stock on the tick-down, for a money net flow of $44.31 million out of the stock. Of all equities 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 $88.70
A number of research analysts have recently issued reports on XOM shares. HSBC set a $83.50 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Morgan Stanley set a $95.00 price target on Exxon Mobil Corp. and gave the company a “sell” rating in a report on Monday, June 13th. Zacks Investment Research upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Tuesday, July 5th. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $89.96 price target on the stock in a report on Tuesday, April 19th. Finally, Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. 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 stock. Exxon Mobil Corp. presently has a consensus rating of “Hold” and a consensus price target of $86.65.
The stock’s 50-day moving average is $91.68 and its 200 day moving average is $86.65. The company has a market capitalization of $364.70 billion and a price-to-earnings ratio of 34.93.
Exxon Mobil Corp. (NYSE:XOM) last posted its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.64 by $0.23. The company earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. Exxon Mobil Corp.’s revenue was down 22.2% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Corp. will post $2.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, August 10th.
In related news, VP Neil A. Chapman sold 12,000 shares of the 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 owns 230,299 shares of the company’s stock, valued at $20,496,611. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bradley W. Corson sold 6,000 shares of the stock in a transaction on Tuesday, June 7th. The shares were 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 directly owns 208,033 shares in the company, valued at approximately $18,891,476.73. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of XOM. Transamerica Financial Advisors Inc. raised its position in Exxon Mobil Corp. by 6.9% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 49,893 shares of the company’s stock valued at $3,890,000 after buying an additional 3,217 shares during the period. Windsor Capital Management LLC raised its position in Exxon Mobil Corp. by 2.3% in the fourth quarter. Windsor Capital Management LLC now owns 17,893 shares of the company’s stock valued at $1,394,000 after buying an additional 407 shares during the period. Fort Pitt Capital Group LLC purchased a new position in shares of Exxon Mobil Corp. during the fourth quarter valued at about $3,327,000. World Asset Management Inc raised its position in shares of Exxon Mobil Corp. by 0.3% in the fourth quarter. World Asset Management Inc now owns 502,692 shares of the company’s stock valued at $39,184,000 after buying an additional 1,471 shares during the last quarter. Finally, Flossbach Von Storch AG raised its position in shares of Exxon Mobil Corp. by 14.5% in the fourth quarter. Flossbach Von Storch AG now owns 365,000 shares of the company’s stock valued at $28,452,000 after buying an additional 46,330 shares during 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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