Traders Buy Shares of Exxon Mobil (XOM) on Weakness

Investors bought shares of Exxon Mobil Co. (NYSE:XOM) on weakness during trading on Tuesday. $323.60 million flowed into the stock on the tick-up and $157.80 million flowed out of the stock on the tick-down, for a money net flow of $165.80 million into the stock. Of all equities tracked, Exxon Mobil had the 5th highest net in-flow for the day. Exxon Mobil traded down ($0.10) for the day and closed at $86.50

Several research firms have recently commented on XOM. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Wednesday. Barclays restated a “sell” rating and set a $84.00 price target on shares of Exxon Mobil in a report on Tuesday, July 10th. Macquarie reiterated a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $88.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 10th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $87.13.

The firm has a market capitalization of $366.54 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. equities analysts expect that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in XOM. FMR LLC boosted its holdings in Exxon Mobil by 37.8% during the second quarter. FMR LLC now owns 33,955,341 shares of the oil and gas company’s stock valued at $2,809,126,000 after acquiring an additional 9,318,782 shares during the period. First Eagle Investment Management LLC boosted its holdings in Exxon Mobil by 43.0% during the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after acquiring an additional 5,440,412 shares during the period. Charles Schwab Investment Advisory Inc. bought a new stake in Exxon Mobil during the second quarter valued at about $394,412,000. Standard Life Aberdeen plc boosted its holdings in Exxon Mobil by 145.3% during the second quarter. Standard Life Aberdeen plc now owns 7,858,127 shares of the oil and gas company’s stock valued at $650,889,000 after acquiring an additional 4,654,288 shares during the period. Finally, BlackRock Inc. boosted its holdings in Exxon Mobil by 1.7% during the second quarter. BlackRock Inc. now owns 265,206,204 shares of the oil and gas company’s stock valued at $21,940,509,000 after acquiring an additional 4,384,093 shares during the period. Institutional investors own 52.43% of the company’s stock.

Exxon Mobil Company Profile (NYSE:XOM)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Read More: Earnings Per Share (EPS)

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