Investors sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading on Tuesday after Vetr downgraded the stock from a buy rating to a hold rating. $82.87 million flowed into the stock on the tick-up and $161.85 million flowed out of the stock on the tick-down, for a money net flow of $78.98 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 $82.26
Several other brokerages have also commented on XOM. Cowen and Company restated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil Corporation in a research report on Tuesday, September 19th. Societe Generale set a $95.00 target price on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Morgan Stanley set a $81.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada lowered shares of Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $96.00 to $95.00 in a research report on Thursday, July 6th. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 21st. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $84.82.
In other news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Horan Securities Inc. acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at about $102,000. Riggs Asset Managment Co. Inc. increased its stake in shares of Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the last quarter. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the 2nd quarter valued at about $114,000. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at about $136,000. Finally, Acrospire Investment Management LLC increased its stake in shares of Exxon Mobil Corporation by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after acquiring an additional 1,100 shares during the last quarter. 50.74% of the stock is owned by institutional investors.
The company has a market capitalization of $349.98 billion, a P/E ratio of 29.78 and a beta of 0.82. The company’s 50-day moving average price is $79.66 and its 200-day moving average price is $80.75.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Corporation will post $3.44 earnings per share for the current year.
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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