Investors Sell Shares of Exxon Mobil Corporation (XOM) on Strength (XOM)
Investors sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading on Thursday. $86.96 million flowed into the stock on the tick-up and $198.77 million flowed out of the stock on the tick-down, for a money net flow of $111.81 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 $0.32 for the day and closed at $80.09
A number of analysts have weighed in on XOM shares. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $83.00 price objective on shares of Exxon Mobil Corporation in a report on Tuesday, May 30th. Vetr raised shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price objective on the stock in a report on Monday, June 5th. Howard Weil raised shares of Exxon Mobil Corporation from a “sector perform” rating to an “outperform” rating in a report on Monday, June 5th. Scotiabank raised shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and lifted their target price for the company from $85.00 to $86.00 in a report on Monday, June 5th. Finally, Scotia Howard Weill raised shares of Exxon Mobil Corporation from a “sector perform” rating to an “outperform” rating in a report on Monday, June 5th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $84.65.
The stock has a market capitalization of $339.27 billion, a PE ratio of 28.86 and a beta of 0.82. The firm’s 50-day moving average is $78.36 and its 200 day moving average is $80.83.
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 company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter last year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the 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 transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Philadelphia Trust Co. boosted its position in Exxon Mobil Corporation by 3.7% during the 4th quarter. Philadelphia Trust Co. now owns 19,205 shares of the oil and gas company’s stock worth $1,733,000 after acquiring an additional 680 shares during the period. Wsfs Capital Management LLC acquired a new stake in Exxon Mobil Corporation during the 4th quarter worth about $786,000. Macquarie Group Ltd. boosted its position in Exxon Mobil Corporation by 63.1% during the 4th quarter. Macquarie Group Ltd. now owns 389,752 shares of the oil and gas company’s stock worth $35,179,000 after acquiring an additional 150,728 shares during the period. Beacon Financial Group boosted its position in Exxon Mobil Corporation by 0.8% during the 1st quarter. Beacon Financial Group now owns 62,532 shares of the oil and gas company’s stock worth $5,233,000 after acquiring an additional 497 shares during the period. Finally, Lau Associates LLC boosted its position in Exxon Mobil Corporation by 15.6% during the 1st quarter. Lau Associates LLC now owns 33,699 shares of the oil and gas company’s stock worth $2,764,000 after acquiring an additional 4,539 shares during the period. Institutional investors and hedge funds own 50.82% of the company’s stock.
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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