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

Traders sold shares of Exxon Mobil Co. (NYSE:XOM) on strength during trading hours on Monday. $139.02 million flowed into the stock on the tick-up and $357.02 million flowed out of the stock on the tick-down, for a money net flow of $218.00 million out of the stock. Of all stocks tracked, Exxon Mobil had the 2nd highest net out-flow for the day. Exxon Mobil traded up $0.33 for the day and closed at $76.54

A number of brokerages recently commented on XOM. Morgan Stanley set a $90.00 price target on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, January 24th. Credit Suisse Group set a $84.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Tuesday, January 23rd. HSBC set a $80.00 price target on Exxon Mobil and gave the company a “sell” rating in a report on Thursday, January 18th. Goldman Sachs Group set a $92.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Saturday, January 13th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $87.02.

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market capitalization of $324,310.00, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The company had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. analysts forecast that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.

In related news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now directly owns 291,385 shares in the company, valued at approximately $24,199,524.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the sale, the vice president now owns 229,774 shares in the company, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 over the last quarter. Insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares during the period. First Eagle Investment Management LLC increased its position in shares of Exxon Mobil by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after purchasing an additional 7,134,305 shares during the period. Renaissance Technologies LLC increased its position in shares of Exxon Mobil by 172.4% during the 4th quarter. Renaissance Technologies LLC now owns 9,948,354 shares of the oil and gas company’s stock valued at $832,080,000 after purchasing an additional 6,295,900 shares during the period. Stifel Financial Corp increased its position in shares of Exxon Mobil by 37,429.2% during the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock valued at $309,285,000 after purchasing an additional 3,764,256 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Exxon Mobil by 133.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 6,476,312 shares of the oil and gas company’s stock valued at $541,677,000 after purchasing an additional 3,702,790 shares during the period. Hedge funds and other institutional investors own 51.65% of the company’s stock.

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About Exxon Mobil

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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