Exxon Mobil Co. (NYSE:XOM) Sees Significant Growth in Short Interest

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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.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.10%. Exxon Mobil’s payout ratio is 70.59%.

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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