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

Investors sold shares of Exxon Mobil Co. (NYSE:XOM) on strength during trading hours on Wednesday. $131.98 million flowed into the stock on the tick-up and $255.44 million flowed out of the stock on the tick-down, for a money net flow of $123.46 million out of the stock. Of all stocks tracked, Exxon Mobil had the 0th highest net out-flow for the day. Exxon Mobil traded up $1.03 for the day and closed at $88.00

Several research firms have commented on XOM. Jefferies Group set a $90.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday. HSBC set a $80.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Thursday. Vetr upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday. Wells Fargo & Co set a $88.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, BNP Paribas set a $70.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Monday, September 25th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $86.71.

The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The stock has a market cap of $368,710.00, a PE ratio of 28.48, a P/E/G ratio of 1.35 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the prior year, the firm earned $0.63 EPS. research analysts anticipate that Exxon Mobil Co. will post 3.68 earnings per share for the current year.

In related news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the sale, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction that occurred on 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 owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,357 shares of company stock valued at $4,273,910. 0.08% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. CWH Capital Management Inc. purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $114,000. Horan Securities Inc. increased its stake in shares of Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares during the last quarter. Litman Gregory Asset Management LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth $131,000. Acrospire Investment Management LLC increased its stake in shares of Exxon Mobil by 172.7% during the 2nd 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 during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 51.06% 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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