Traders Sell Shares of Exxon Mobil Corporation (XOM) on Strength (XOM)
Traders sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading hours on Monday. $97.63 million flowed into the stock on the tick-up and $200.71 million flowed out of the stock on the tick-down, for a money net flow of $103.08 million out of the stock. Of all companies tracked, Exxon Mobil Corporation had the 7th highest net out-flow for the day. Exxon Mobil Corporation traded up $0.13 for the day and closed at $83.24
A number of equities research analysts have issued reports on XOM shares. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Monday, June 26th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $90.68 price target on the stock in a research report on Thursday, June 29th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $92.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, July 4th. BNP Paribas reaffirmed a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil Corporation in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada lowered Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $96.00 to $95.00 in a research report on Thursday, July 6th. Six research 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 stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.32.
The firm’s 50-day moving average is $80.92 and its 200 day moving average is $80.79. The company has a market cap of $352.70 billion, a P/E ratio of 30.01 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 business had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts predict that Exxon Mobil Corporation will post $3.49 earnings per share for the current fiscal year.
In related news, Director Steven Reinemund sold 1,100 shares of the 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 completion of the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares of the company’s stock, 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.
Hedge funds have recently modified their holdings of the stock. Asset Management Advisors LLC lifted its position in Exxon Mobil Corporation by 0.3% in the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after purchasing an additional 7 shares during the period. Horizon Investment Services LLC lifted its position in Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 20 shares during the period. Jag Capital Management LLC lifted its position in Exxon Mobil Corporation by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after purchasing an additional 26 shares during the period. C M Bidwell & Associates Ltd. lifted its position in Exxon Mobil Corporation by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock worth $196,000 after purchasing an additional 30 shares during the period. Finally, Lehman Financial Resources Inc. lifted its position in Exxon Mobil Corporation by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock worth $579,000 after purchasing an additional 35 shares during the period. 50.73% of the stock is owned by institutional investors and hedge funds.
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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