Investors 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. $100.23 million flowed into the stock on the tick-up and $167.83 million flowed out of the stock on the tick-down, for a money net flow of $67.60 million out of the stock. Of all companies tracked, Exxon Mobil Corporation had the 0th highest net out-flow for the day. Exxon Mobil Corporation traded up $0.36 for the day and closed at $76.74
Several research analysts have recently weighed in on XOM shares. Zacks Investment Research raised shares of Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets set a $78.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. BNP Paribas reaffirmed a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil Corporation in a research report on Wednesday, July 5th. Vetr raised shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 target price on the stock in a research report on Monday, July 10th. Finally, Morgan Stanley set a $81.00 target price on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, July 11th. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus price target of $84.90.
The firm has a market cap of $324.60 billion, a price-to-earnings ratio of 27.62 and a beta of 0.81. The stock has a 50-day moving average price of $79.58 and a 200 day moving average price of $81.30.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the prior year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Stonebridge Capital Management Inc. boosted its stake in Exxon Mobil Corporation by 4.5% in the first quarter. Stonebridge Capital Management Inc. now owns 108,534 shares of the oil and gas company’s stock valued at $8,901,000 after buying an additional 4,648 shares during the period. L & S Advisors Inc purchased a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $6,639,000. Menora Mivtachim Holdings LTD. boosted its stake in Exxon Mobil Corporation by 3.6% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 299,920 shares of the oil and gas company’s stock valued at $27,071,000 after buying an additional 10,350 shares during the period. Capital International Ltd. CA boosted its stake in Exxon Mobil Corporation by 5.0% in the fourth quarter. Capital International Ltd. CA now owns 233,400 shares of the oil and gas company’s stock valued at $21,067,000 after buying an additional 11,100 shares during the period. Finally, Congress Asset Management Co. MA purchased a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $8,062,000. 50.77% of the stock is owned by institutional investors.
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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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