Traders Buy Shares of Exxon Mobil (XOM) on Weakness

Investors purchased shares of Exxon Mobil Co. (NYSE:XOM) on weakness during trading hours on Wednesday. $426.06 million flowed into the stock on the tick-up and $315.51 million flowed out of the stock on the tick-down, for a money net flow of $110.55 million into the stock. Of all stocks tracked, Exxon Mobil had the 9th highest net in-flow for the day. Exxon Mobil traded down ($1.41) for the day and closed at $76.94

A number of equities research analysts recently issued reports on XOM shares. Royal Bank of Canada dropped their price target on shares of Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 16th. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, January 16th. Jefferies Group set a $90.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, January 19th. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, January 8th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $87.42.

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 cap of $331,977.25, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.06 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The company had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. equities research analysts forecast that Exxon Mobil Co. will post 4.85 earnings per share for the current 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 issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.00%. Exxon Mobil’s dividend payout ratio is presently 66.52%.

In related news, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $24,199,524.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,357 shares of company stock worth $4,273,910. Insiders own 0.08% of the company’s stock.

Several large investors have recently modified their holdings of the stock. CWH Capital Management Inc. acquired a new position in Exxon Mobil in the 2nd quarter valued at about $114,000. Litman Gregory Asset Management LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at about $131,000. Acrospire Investment Management LLC grew its position in Exxon Mobil by 172.7% in 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 50 shares in the last quarter. Finally, Saratoga Research & Investment Management acquired a new position in Exxon Mobil in the 3rd quarter valued at about $172,000. 51.28% of the stock is owned by hedge funds and other institutional investors.

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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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