Traders bought shares of Exxon Mobil Corporation (NYSE:XOM) on weakness during trading on Friday. $672.32 million flowed into the stock on the tick-up and $88.96 million flowed out of the stock on the tick-down, for a money net flow of $583.36 million into the stock. Of all equities tracked, Exxon Mobil Corporation had the 4th highest net in-flow for the day. Exxon Mobil Corporation traded down ($0.02) for the day and closed at $80.07
XOM has been the subject of a number of analyst reports. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, June 15th. Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target for the company. in a research report on Tuesday, June 6th. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Barclays PLC set a $94.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Monday, August 21st. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation currently has an average rating of “Hold” and an average target price of $84.65.
The stock’s 50 day moving average is $78.36 and its 200-day moving average is $80.83. The company has a market capitalization of $339.27 billion, a price-to-earnings ratio of 28.86 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Horan Securities Inc. acquired a new position in Exxon Mobil Corporation in the first quarter valued at approximately $102,000. Riggs Asset Managment Co. Inc. lifted its stake in Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 292 shares in the last quarter. CWH Capital Management Inc. acquired a new position in Exxon Mobil Corporation during the second quarter worth $114,000. Watermark Asset Management Inc. acquired a new position in Exxon Mobil Corporation during the first quarter worth $136,000. Finally, Acrospire Investment Management LLC lifted its stake in Exxon Mobil Corporation by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.
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About Exxon Mobil Corporation
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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