Exxon Mobil Co. (NYSE:XOM) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 37,691,800 shares, a growth of 5.9% from the June 30th total of 35,599,300 shares. Based on an average trading volume of 10,610,000 shares, the short-interest ratio is currently 3.6 days. Approximately 0.9% of the company’s shares are sold short.
XOM stock opened at $68.30 on Friday. The company has a market cap of $288.98 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.05 and a beta of 0.97. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $74.19 and a 200-day simple moving average of $76.91. Exxon Mobil has a 52 week low of $64.65 and a 52 week high of $87.36.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. As a group, analysts expect that Exxon Mobil will post 3.21 earnings per share for the current fiscal year.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in XOM. Sigma Investment Counselors Inc. boosted its position in Exxon Mobil by 0.4% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock valued at $2,745,000 after buying an additional 142 shares during the last quarter. Riverstone Advisors LLC boosted its position in Exxon Mobil by 0.5% in the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after buying an additional 142 shares during the last quarter. Alpha Windward LLC boosted its position in Exxon Mobil by 3.1% in the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 144 shares during the last quarter. Saratoga Research & Investment Management boosted its position in Exxon Mobil by 4.1% in the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 145 shares during the last quarter. Finally, Jupiter Wealth Management LLC boosted its position in Exxon Mobil by 0.4% in the 2nd quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.
Several research analysts have weighed in on the company. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and cut their price target for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the company a “hold” rating in a report on Sunday, August 4th. Morgan Stanley cut their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Berenberg Bank reiterated a “hold” rating and issued a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $82.59.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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