Traders Buy Shares of Exxon Mobil (XOM) on Weakness

Investors bought shares of Exxon Mobil Co. (NYSE:XOM) on weakness during trading hours on Tuesday. $218.70 million flowed into the stock on the tick-up and $155.80 million flowed out of the stock on the tick-down, for a money net flow of $62.90 million into the stock. Of all companies tracked, Exxon Mobil had the 19th highest net in-flow for the day. Exxon Mobil traded down ($0.79) for the day and closed at $75.75

Several brokerages have issued reports on XOM. Barclays set a $84.00 target price on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Tuesday. HSBC reaffirmed a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a research note on Thursday, February 15th. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 target price on the stock in a research note on Monday, February 5th. Jefferies Group reaffirmed a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Credit Suisse Group lowered their target price on shares of Exxon Mobil from $84.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus price target of $87.02.

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. The company has a market capitalization of $320,960.00, a PE ratio of 16.36, a P/E/G ratio of 1.03 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The company had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. During the same period in the previous year, the company earned $0.41 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. sell-side analysts forecast that Exxon Mobil Co. will post 4.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be given a $0.77 dividend. The ex-dividend date is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.07%. Exxon Mobil’s payout ratio is currently 66.52%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at $15,750,555.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the transaction, the insider now directly owns 220,000 shares in the company, valued at approximately $18,341,400. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Management Advisors LLC increased its stake in Exxon Mobil by 0.3% during the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock worth $203,000 after purchasing an additional 7 shares during the period. C M Bidwell & Associates Ltd. increased its stake in Exxon Mobil by 1.3% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock worth $196,000 after purchasing an additional 30 shares during the period. Lehman Financial Resources Inc. increased its stake in Exxon Mobil by 0.5% during the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock worth $579,000 after purchasing an additional 35 shares during the period. Intellectus Partners LLC increased its stake in Exxon Mobil by 0.7% during the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 41 shares during the period. Finally, Bellwether Investment Group LLC increased its stake in Exxon Mobil by 1.3% during the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock worth $271,000 after purchasing an additional 44 shares during the period. 51.65% of the stock is currently owned by institutional investors.

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About Exxon Mobil

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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