Traders Buy Exxon Mobil (XOM) on Weakness

Traders bought shares of Exxon Mobil Co. (NYSE:XOM) on weakness during trading hours on Thursday. $304.42 million flowed into the stock on the tick-up and $125.61 million flowed out of the stock on the tick-down, for a money net flow of $178.81 million into the stock. Of all equities tracked, Exxon Mobil had the 4th highest net in-flow for the day. Exxon Mobil traded down ($0.37) for the day and closed at $72.05

A number of research firms have weighed in on XOM. Barclays reiterated a “sell” rating and set a $82.00 price objective on shares of Exxon Mobil in a research note on Thursday. Berenberg Bank reiterated a “neutral” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a research note on Wednesday. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Sunday, January 6th. Finally, Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, December 31st. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $85.33.

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54. The firm has a market capitalization of $306.88 billion, a PE ratio of 19.98, a PEG ratio of 1.95 and a beta of 0.92.



Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the previous year, the firm posted $0.93 EPS. Exxon Mobil’s revenue was up 25.4% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 4.64 EPS for the current year.

In other news, insider James M. Spellings, Jr. sold 9,522 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $78.41, for a total transaction of $746,620.02. Following the transaction, the insider now directly owns 249,122 shares in the company, valued at approximately $19,533,656.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John R. Verity sold 15,850 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $76.94, for a total value of $1,219,499.00. Following the transaction, the insider now owns 146,350 shares in the company, valued at $11,260,169. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,587 shares of company stock worth $4,507,808. 0.08% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 329,558,203 shares of the oil and gas company’s stock worth $28,019,038,000 after purchasing an additional 3,269,684 shares during the last quarter. Vanguard Group Inc raised its position in shares of Exxon Mobil by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 329,558,203 shares of the oil and gas company’s stock valued at $28,019,038,000 after buying an additional 3,269,684 shares during the period. Morgan Stanley raised its position in shares of Exxon Mobil by 19.6% during the 3rd quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock valued at $1,872,372,000 after buying an additional 3,614,568 shares during the period. Legal & General Group Plc raised its position in shares of Exxon Mobil by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 20,342,056 shares of the oil and gas company’s stock valued at $1,729,678,000 after buying an additional 216,323 shares during the period. Finally, Swiss National Bank raised its position in shares of Exxon Mobil by 2.9% during the 2nd quarter. Swiss National Bank now owns 15,058,036 shares of the oil and gas company’s stock valued at $1,245,751,000 after buying an additional 423,200 shares during the period. Institutional investors and hedge funds own 53.18% of the company’s stock.

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About Exxon Mobil (NYSE:XOM)

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

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