Investors Buy Exxon Mobil Corporation (XOM) on Weakness
Traders bought shares of Exxon Mobil Corporation (NYSE:XOM) on weakness during trading on Friday. $152.88 million flowed into the stock on the tick-up and $78.52 million flowed out of the stock on the tick-down, for a money net flow of $74.36 million into the stock. Of all companies tracked, Exxon Mobil Corporation had the 6th highest net in-flow for the day. Exxon Mobil Corporation traded down ($0.21) for the day and closed at $78.82
XOM has been the topic of several analyst reports. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $95.00 to $100.00 in a report on Thursday, May 11th. Maxim Group started coverage on Exxon Mobil Corporation in a report on Thursday, May 11th. They set a “hold” rating on the stock. Royal Bank Of Canada set a $96.00 price objective on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Exxon Mobil Corporation in a research note on Wednesday, May 17th. Finally, Argus reaffirmed a “focus list” rating and issued a $104.00 price objective (up from $91.00) on shares of Exxon Mobil Corporation in a research note on Thursday, May 18th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil Corporation has a consensus rating of “Hold” and a consensus target price of $84.41.
The company’s 50 day moving average price is $78.49 and its 200 day moving average price is $80.91. The stock has a market capitalization of $333.97 billion, a PE ratio of 28.41 and a beta of 0.82. Exxon Mobil Corporation also was the recipient of unusually large options trading on Wednesday. Investors purchased 42,933 call options on the stock. This is an increase of approximately 216% compared to the typical volume of 13,590 call options.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post $3.43 EPS for the current fiscal 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 given a $0.77 dividend. 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 dividend payout ratio is currently 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred 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 transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Horan Securities Inc. bought a new position in Exxon Mobil Corporation during the 1st quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. increased its position in Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares in the last quarter. CWH Capital Management Inc. bought a new position in Exxon Mobil Corporation during the 2nd quarter valued at approximately $114,000. Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation during the 1st quarter valued at approximately $136,000. Finally, Acrospire Investment Management LLC increased its position in Exxon Mobil Corporation by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares in the last quarter. 50.82% of the stock is owned by institutional investors.
About Exxon Mobil Corporation
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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