Investors Sell Shares of Exxon Mobil Corporation (XOM) on Strength (XOM)
Traders sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading on Tuesday. $45.58 million flowed into the stock on the tick-up and $64.99 million flowed out of the stock on the tick-down, for a money net flow of $19.41 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 $0.70 for the day and closed at $77.27
XOM has been the topic of a number of research analyst reports. Bank of America Corporation upgraded Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Wolfe Research downgraded Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $83.00 target price on shares of Exxon Mobil Corporation in a research report on Tuesday, May 30th. Zacks Investment Research downgraded Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. Finally, BMO Capital Markets boosted their target price on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Exxon Mobil Corporation presently has a consensus rating of “Hold” and a consensus price target of $84.41.
The firm has a market capitalization of $333.80 billion, a PE ratio of 28.40 and a beta of 0.82. The company’s 50-day moving average price is $78.55 and its 200 day moving average price is $80.92. Exxon Mobil Corporation also saw some unusual options trading activity on Wednesday. Stock investors bought 42,933 call options on the stock. This represents an increase of approximately 216% compared to the typical volume of 13,590 call options.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Willis Investment Counsel increased its position in shares of Exxon Mobil Corporation by 6.1% in the 4th quarter. Willis Investment Counsel now owns 293,370 shares of the oil and gas company’s stock valued at $26,480,000 after buying an additional 16,915 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Exxon Mobil Corporation in the 4th quarter valued at $101,000. AE Wealth Management LLC bought a new stake in shares of Exxon Mobil Corporation in the 4th quarter valued at $2,424,000. Hartree Partners LP bought a new stake in shares of Exxon Mobil Corporation in the 4th quarter valued at $237,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Exxon Mobil Corporation in the 4th quarter valued at $4,128,000. Institutional investors own 50.82% of the company’s stock.
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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