Traders Sell Exxon Mobil (XOM) on Strength (XOM)

Traders sold shares of Exxon Mobil Co. (NYSE:XOM) on strength during trading hours on Wednesday. $118.65 million flowed into the stock on the tick-up and $223.28 million flowed out of the stock on the tick-down, for a money net flow of $104.63 million out of the stock. Of all stocks tracked, Exxon Mobil had the 12th highest net out-flow for the day. Exxon Mobil traded up $0.30 for the day and closed at $81.50

A number of analysts have weighed in on XOM shares. Wells Fargo & Co reaffirmed a “neutral” rating and set a $82.00 price objective on shares of Exxon Mobil in a research report on Thursday, June 21st. Royal Bank of Canada set a $100.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research report on Thursday, June 21st. Goldman Sachs Group reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Exxon Mobil in a research report on Thursday, June 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 10th. Finally, Macquarie reissued a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 10th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.08.

The company has a market capitalization of $360.27 billion, a PE ratio of 22.44, a P/E/G ratio of 1.48 and a beta of 0.86. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The firm had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 4.6 EPS for the current year.

In related news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Breiter Capital Management Inc. grew its holdings in Exxon Mobil by 7.3% during the 3rd quarter. Breiter Capital Management Inc. now owns 9,547 shares of the oil and gas company’s stock valued at $812,000 after buying an additional 649 shares during the last quarter. WealthTrust Arizona LLC grew its holdings in Exxon Mobil by 107.8% during the 3rd quarter. WealthTrust Arizona LLC now owns 3,985 shares of the oil and gas company’s stock valued at $339,000 after buying an additional 2,067 shares during the last quarter. Benin Management CORP grew its holdings in Exxon Mobil by 14.4% during the 3rd quarter. Benin Management CORP now owns 69,221 shares of the oil and gas company’s stock valued at $5,885,000 after buying an additional 8,699 shares during the last quarter. Rothschild Investment Corp IL grew its holdings in Exxon Mobil by 1.4% during the 3rd quarter. Rothschild Investment Corp IL now owns 50,851 shares of the oil and gas company’s stock valued at $4,323,000 after buying an additional 723 shares during the last quarter. Finally, Howard Capital Management grew its holdings in Exxon Mobil by 1.2% during the 3rd quarter. Howard Capital Management now owns 86,927 shares of the oil and gas company’s stock valued at $7,391,000 after buying an additional 1,006 shares during the last quarter. 52.48% of the stock is owned by hedge funds and other institutional investors.

About Exxon Mobil (NYSE:XOM)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

See Also: What is dollar cost averaging (DCA)?

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply