Exxon Mobil Corp. (XOM) Short Interest Update
Exxon Mobil Corp. (NYSE:XOM) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 45,020,397 shares, a decline of 16.6% from the October 31st total of 53,962,256 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 12,692,045 shares, the days-to-cover ratio is currently 3.5 days.
In other news, VP Robert N. Schleckser sold 5,339 shares of the company’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $86.89, for a total transaction of $463,905.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Neil A. Chapman sold 16,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total value of $1,392,000.00. Following the transaction, the vice president now directly owns 222,299 shares in the company, valued at approximately $19,340,013. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. increased its position in shares of Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the last quarter. Equitec Proprietary Markets LLC acquired a new position in shares of Exxon Mobil Corp. during the third quarter worth about $107,000. Tuttle Tactical Management LLC acquired a new position in shares of Exxon Mobil Corp. during the second quarter worth about $125,000. Horan Securities Inc. acquired a new position in shares of Exxon Mobil Corp. during the third quarter worth about $137,000. Finally, NewSquare Capital LLC increased its position in shares of Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares in the last quarter. 50.06% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corp. (NYSE:XOM) opened at 87.30 on Thursday. The company’s 50-day moving average price is $85.99 and its 200 day moving average price is $88.32. The firm has a market capitalization of $362.01 billion, a PE ratio of 40.87 and a beta of 0.86. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $58.68 billion for the quarter, compared to the consensus estimate of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s payout ratio is presently 140.19%.
Several equities analysts have recently issued reports on XOM shares. reaffirmed a “buy” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 16th. Jefferies Group reaffirmed a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, September 8th. Collins Stewart reaffirmed a “hold” rating and set a $83.50 price target on shares of Exxon Mobil Corp. in a research note on Sunday, September 11th. Morningstar Inc. reaffirmed a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Finally, Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price target on the stock in a research note on Tuesday, September 13th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Exxon Mobil Corp. presently has an average rating of “Hold” and an average price target of $87.68.
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Exxon Mobil Corp. Company Profile
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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