Traders Sell Shares of Exxon Mobil Corporation (XOM) on Strength (XOM)

Investors sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading on Wednesday. $74.23 million flowed into the stock on the tick-up and $178.04 million flowed out of the stock on the tick-down, for a money net flow of $103.81 million out of the stock. Of all companies tracked, Exxon Mobil Corporation had the 0th highest net out-flow for the day. Exxon Mobil Corporation traded up $0.34 for the day and closed at $82.60

A number of equities research analysts have recently issued reports on XOM shares. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 price objective for the company. in a research report on Tuesday, July 4th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research report on Thursday, June 15th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Barclays PLC set a $94.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, August 21st. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus target price of $84.82.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share 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 firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis.

In other news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Asset Management Advisors LLC grew its position in shares of Exxon Mobil Corporation by 0.3% in the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 7 shares during the period. Horizon Investment Services LLC grew its position in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 20 shares during the period. Jag Capital Management LLC grew its position in shares of Exxon Mobil Corporation by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 26 shares during the period. C M Bidwell & Associates Ltd. grew its position in shares of Exxon Mobil Corporation by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 30 shares during the period. Finally, Lehman Financial Resources Inc. grew its position in shares of Exxon Mobil Corporation by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 50.74% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Traders Sell Shares of Exxon Mobil Corporation (XOM) on Strength (XOM)” was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/2956983/traders-sell-shares-of-exxon-mobil-corporation-xom-on-strength-xom.html.

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.

Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.