Investors Sell Shares of Exxon Mobil (XOM) on Strength (XOM)

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Traders sold shares of Exxon Mobil Co. (NYSE:XOM) on strength during trading hours on Friday. $165.76 million flowed into the stock on the tick-up and $357.53 million flowed out of the stock on the tick-down, for a money net flow of $191.77 million out of the stock. Of all equities tracked, Exxon Mobil had the highest net out-flow for the day. Exxon Mobil traded up $1.37 for the day and closed at $81.83

Several brokerages recently issued reports on XOM. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $88.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Macquarie reissued a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Barclays reissued a “sell” rating and issued a $84.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Morningstar set a $85.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, June 11th. Finally, Jefferies Financial Group reissued a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research note on Monday, June 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $87.45.

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. The company has a market capitalization of $344.76 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.45 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. During the same period last year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. sell-side analysts predict that Exxon Mobil Co. will post 4.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

Several institutional investors and hedge funds have recently bought and sold shares of XOM. Grassi Investment Management increased its holdings in shares of Exxon Mobil by 0.6% during the 2nd quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after acquiring an additional 600 shares during the last quarter. Watch Point Trust Co increased its holdings in shares of Exxon Mobil by 2.4% during the 4th quarter. Watch Point Trust Co now owns 26,909 shares of the oil and gas company’s stock valued at $2,251,000 after acquiring an additional 635 shares during the last quarter. Dividend Assets Capital LLC increased its holdings in shares of Exxon Mobil by 1.8% during the 2nd quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock valued at $2,957,000 after acquiring an additional 645 shares during the last quarter. Outfitter Advisors LTD. increased its holdings in shares of Exxon Mobil by 1.4% during the 2nd quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock valued at $3,939,000 after acquiring an additional 650 shares during the last quarter. Finally, X Square Capital LLC increased its holdings in shares of Exxon Mobil by 16.8% during the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock valued at $339,000 after acquiring an additional 653 shares during the last quarter. 52.60% of the stock is owned by institutional investors.

Exxon Mobil Company Profile (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; and transports and sells crude oil, natural gas, and petroleum products.

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