Short Interest in Exxon Mobil Corp. (XOM) Grows By 5.8%
Exxon Mobil Corp. (NYSE:XOM) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 53,962,256 shares, an increase of 5.8% from the October 14th total of 50,993,366 shares. Based on an average trading volume of 9,832,245 shares, the days-to-cover ratio is currently 5.5 days. Approximately 1.3% of the company’s stock are sold short.
Exxon Mobil Corp. (NYSE:XOM) opened at 85.28 on Friday. The firm has a market capitalization of $353.63 billion, a price-to-earnings ratio of 39.93 and a beta of 0.86. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The stock’s 50 day moving average price is $85.97 and its 200 day moving average price is $88.52.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The business earned $58.68 billion during the quarter, compared to the consensus estimate of $61.34 billion. During the same period in the prior year, the company earned $1.01 EPS. Exxon Mobil Corp.’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.52%. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the transaction, the vice president now owns 222,299 shares in the company, valued at $19,340,013. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total value of $1,218,270.15. Following the transaction, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Several hedge funds have recently made changes to their positions in XOM. Vanguard Group Inc. increased its stake in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock valued at $25,715,387,000 after buying an additional 6,897,006 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock valued at $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors increased its position in Exxon Mobil Corp. by 3.5% in the third quarter. BlackRock Fund Advisors now owns 64,355,268 shares of the company’s stock valued at $5,616,928,000 after buying an additional 2,161,601 shares in the last quarter. Northern Trust Corp increased its position in Exxon Mobil Corp. by 1.2% in the third quarter. Northern Trust Corp now owns 54,437,635 shares of the company’s stock valued at $4,751,316,000 after buying an additional 649,145 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Exxon Mobil Corp. by 6.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,834,252 shares of the company’s stock valued at $3,476,734,000 after buying an additional 2,530,920 shares in the last quarter. Institutional investors and hedge funds own 50.34% of the company’s stock.
XOM has been the topic of several analyst reports. 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. Goldman Sachs Group Inc. downgraded Exxon Mobil Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $98.00 to $93.00 in a report on Monday, October 31st. Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target on the stock in a report on Tuesday, September 13th. Bank of America Corp. set a $100.00 price target on Exxon Mobil Corp. and gave the company a “hold” rating in a report on Monday, October 10th. Finally, Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $87.62.
About Exxon Mobil Corp.
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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