Investors Buy Exxon Mobil Corporation (XOM) on Weakness
Investors purchased shares of Exxon Mobil Corporation (NYSE:XOM) on weakness during trading hours on Wednesday. $122.79 million flowed into the stock on the tick-up and $99.69 million flowed out of the stock on the tick-down, for a money net flow of $23.10 million into the stock. Of all stocks tracked, Exxon Mobil Corporation had the 16th highest net in-flow for the day. Exxon Mobil Corporation traded down ($0.57) for the day and closed at $77.47
XOM has been the topic of a number of research analyst reports. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $95.00 to $100.00 in a research report on Thursday, May 11th. Wolfe Research downgraded shares of 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) reissued a “neutral” rating and set a $83.00 price objective on shares of Exxon Mobil Corporation in a research report on Tuesday, May 30th. Zacks Investment Research downgraded shares of 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 price objective on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, June 21st. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average target price of $84.98.
The stock’s 50-day moving average is $80.31 and its 200-day moving average is $81.59. The company has a market cap of $328.25 billion, a price-to-earnings ratio of 27.93 and a beta of 0.81.
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 Zacks’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.98%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s 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 sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of XOM. CNA Financial Corp increased its position in shares of Exxon Mobil Corporation by 23.1% in the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after buying an additional 3,725 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Exxon Mobil Corporation during the first quarter worth about $754,000. Rosenbaum Jay D. increased its position in shares of Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares during the last quarter. Oakmont Partners LLC increased its position in shares of Exxon Mobil Corporation by 7.8% in the first quarter. Oakmont Partners LLC now owns 7,330 shares of the oil and gas company’s stock worth $601,000 after buying an additional 532 shares during the last quarter. Finally, Lbmc Investment Advisors LLC increased its position in shares of Exxon Mobil Corporation by 1.6% in the first quarter. Lbmc Investment Advisors LLC now owns 11,060 shares of the oil and gas company’s stock worth $907,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.
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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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