Traders Buy Shares of Exxon Mobil (XOM) on Weakness

Traders purchased shares of Exxon Mobil Co. (NYSE:XOM) on weakness during trading on Tuesday. $256.45 million flowed into the stock on the tick-up and $113.81 million flowed out of the stock on the tick-down, for a money net flow of $142.64 million into the stock. Of all stocks tracked, Exxon Mobil had the 5th highest net in-flow for the day. Exxon Mobil traded down ($0.50) for the day and closed at $82.44

Several research analysts have recently weighed in on XOM shares. Cowen reissued a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 19th. Royal Bank of Canada lowered their price objective on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating for the company in a research report on Thursday, November 16th. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Vetr lowered Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Thursday, September 28th. Finally, Goldman Sachs Group set a $86.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $86.32.

The stock has a market capitalization of $349,310.00, a P/E ratio of 23.32, a PEG ratio of 1.74 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 released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter in the previous year, the business earned $0.63 EPS. equities research analysts anticipate that Exxon Mobil Co. will post 3.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.74%. Exxon Mobil’s dividend payout ratio (DPR) is currently 100.33%.

In other Exxon Mobil news, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction dated 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 transaction, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the transaction, the vice president now owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock valued at $4,273,910 in the last quarter. Company insiders own 0.08% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Asset Management Advisors LLC boosted its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after buying an additional 7 shares during the last quarter. Horizon Investment Services LLC boosted its stake in shares of Exxon Mobil by 0.4% in the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares during the last quarter. Jag Capital Management LLC lifted its stake in Exxon Mobil by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 26 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Exxon Mobil 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 valued at $196,000 after purchasing an additional 30 shares during the last quarter. Finally, Lehman Financial Resources Inc. lifted its stake in Exxon Mobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 51.05% 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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