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

Investors sold shares of Exxon Mobil Co. (NYSE:XOM) on strength during trading hours on Tuesday. $119.64 million flowed into the stock on the tick-up and $273.32 million flowed out of the stock on the tick-down, for a money net flow of $153.68 million out of the stock. Of all stocks tracked, Exxon Mobil had the 3rd highest net out-flow for the day. Exxon Mobil traded up $0.05 for the day and closed at $88.30

Several equities analysts have commented on the stock. Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, January 11th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $86.87.

The firm has a market cap of $374,140.00, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the prior year, the company earned $0.63 earnings per share. research analysts anticipate that Exxon Mobil Co. will post 3.71 EPS for the current fiscal year.

In related news, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,357 shares of company stock valued at $4,273,910. Corporate insiders own 0.08% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. CWH Capital Management Inc. purchased a new position in Exxon Mobil in the second quarter worth $114,000. Horan Securities Inc. raised its position in Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 260 shares in the last quarter. Litman Gregory Asset Management LLC purchased a new position in Exxon Mobil in the third quarter worth $131,000. Acrospire Investment Management LLC raised its position in Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 51.12% of the company’s stock.

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Exxon Mobil 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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