Traders Buy Shares of Exxon Mobil (XOM) on Weakness

Traders purchased shares of Exxon Mobil Co. (NYSE:XOM) on weakness during trading hours on Tuesday. $300.96 million flowed into the stock on the tick-up and $126.61 million flowed out of the stock on the tick-down, for a money net flow of $174.35 million into the stock. Of all equities tracked, Exxon Mobil had the 5th highest net in-flow for the day. Exxon Mobil traded down ($0.55) for the day and closed at $86.97

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Saturday, January 13th. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 8th. BMO Capital Markets upped their target price on Exxon Mobil to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, January 10th. Finally, Wells Fargo & Co set a $88.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, January 11th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.78.

The stock has a market capitalization of $368,501.13, a price-to-earnings ratio of 28.66, a PEG ratio of 1.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the previous year, the company posted $0.63 earnings per share. equities research analysts anticipate that Exxon Mobil Co. will post 3.66 EPS for the current fiscal year.

In other news, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in XOM. Vanguard Group Inc. raised its stake in Exxon Mobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares during the last quarter. Capital Research Global Investors raised its stake in Exxon Mobil by 7.0% in the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after purchasing an additional 2,058,060 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock valued at $2,286,658,000 after purchasing an additional 1,595,027 shares during the last quarter. Legal & General Group Plc raised its stake in Exxon Mobil by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock valued at $1,930,784,000 after purchasing an additional 360,596 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Exxon Mobil by 6.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,716,523 shares of the oil and gas company’s stock valued at $1,899,993,000 after purchasing an additional 1,314,210 shares during the last quarter. 51.06% of the stock is owned by institutional investors and hedge funds.

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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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