Investors Sell Shares of Exxon Mobil Corporation (XOM) on Strength (XOM)
Traders sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading on Thursday. $80.27 million flowed into the stock on the tick-up and $177.70 million flowed out of the stock on the tick-down, for a money net flow of $97.43 million out of the stock. Of all stocks tracked, Exxon Mobil Corporation had the 0th highest net out-flow for the day. Exxon Mobil Corporation traded up $0.23 for the day and closed at $82.02
Several analysts have recently issued reports on XOM shares. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price target for the company in a research note on Tuesday, August 29th. Wolfe Research downgraded Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Zacks Investment Research downgraded Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. BMO Capital Markets upped their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 21st. Finally, Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $84.75.
The company’s 50-day moving average is $79.17 and its 200-day moving average is $80.74. The stock has a market capitalization of $346.21 billion, a PE ratio of 29.46 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was up 9.0% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders 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 3.77%. Exxon Mobil Corporation’s payout ratio is 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil Corporation in the first quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. raised its position in Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 292 shares in the last quarter. CWH Capital Management Inc. acquired a new position in Exxon Mobil Corporation during the second quarter valued at approximately $114,000. Watermark Asset Management Inc. acquired a new position in Exxon Mobil Corporation during the first quarter valued at approximately $136,000. Finally, Acrospire Investment Management LLC raised its position in Exxon Mobil Corporation by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 50.74% 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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