Investors Buy Shares of Exxon Mobil Corporation (XOM) on Weakness
Investors bought shares of Exxon Mobil Corporation (NYSE:XOM) on weakness during trading hours on Friday. $133.03 million flowed into the stock on the tick-up and $73.92 million flowed out of the stock on the tick-down, for a money net flow of $59.11 million into the stock. Of all equities tracked, Exxon Mobil Corporation had the 10th highest net in-flow for the day. Exxon Mobil Corporation traded down ($0.31) for the day and closed at $81.71
XOM has been the subject of a number of recent analyst reports. Cowen and Company reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price target for the company. in a research note on Tuesday, July 4th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 price target on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada cut shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $96.00 to $95.00 in a research note on Thursday, July 6th. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.75.
The stock has a market cap of $346.21 billion, a PE ratio of 29.46 and a beta of 0.82. The company’s 50-day moving average is $79.17 and its 200-day moving average is $80.74.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the firm’s 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 sale, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s 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 directly owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. CNA Financial Corp raised its stake in 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 valued at $1,630,000 after purchasing an additional 3,725 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Exxon Mobil Corporation in the first quarter valued at approximately $754,000. Doyle Wealth Management raised its stake in Exxon Mobil Corporation by 2.7% in the second quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after purchasing an additional 6,921 shares in the last quarter. Holderness Investments Co. raised its stake in Exxon Mobil Corporation by 48.1% in the first quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after purchasing an additional 15,687 shares in the last quarter. Finally, Pinnacle Advisory Group Inc. raised its stake in Exxon Mobil Corporation by 4.6% in the first quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock valued at $1,673,000 after purchasing an additional 891 shares in the last quarter. 50.74% of the stock is currently owned by institutional investors and hedge funds.
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Exxon Mobil Corporation Company Profile
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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