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

Investors sold shares of Exxon Mobil Co. (NYSE:XOM) on strength during trading on Tuesday. $102.56 million flowed into the stock on the tick-up and $230.95 million flowed out of the stock on the tick-down, for a money net flow of $128.39 million out of the stock. Of all equities tracked, Exxon Mobil had the 11th highest net out-flow for the day. Exxon Mobil traded up $0.22 for the day and closed at $80.00

XOM has been the topic of a number of analyst reports. Zacks Investment Research reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Saturday, November 17th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $81.00 price objective on shares of Exxon Mobil in a report on Monday, November 19th. Macquarie reaffirmed a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a report on Monday, November 19th. Raymond James downgraded shares of Exxon Mobil from a “market perform” rating to an “underperform” rating in a report on Tuesday, November 20th. Finally, BNP Paribas set a $80.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.52.

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The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $339.42 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.75 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The company had revenue of $71.90 billion for the quarter, compared to the consensus estimate of $78.87 billion. During the same period in the previous year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 4.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 11th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Friday, February 8th. Exxon Mobil’s dividend payout ratio is currently 66.53%.

In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the sale, the vice president now directly owns 223,461 shares in the company, valued at approximately $16,276,899.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Neil A. Hansen sold 2,798 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $76.81, for a total value of $214,914.38. Following the completion of the sale, the vice president now owns 32,800 shares in the company, valued at $2,519,368. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in XOM. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $2,796,142,000. Oregon Public Employees Retirement Fund increased its position in shares of Exxon Mobil by 6,664.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,397,540 shares of the oil and gas company’s stock valued at $460,000 after buying an additional 30,933,358 shares during the period. C WorldWide Group Holding A S bought a new stake in shares of Exxon Mobil during the third quarter valued at about $363,290,000. Morgan Stanley increased its position in shares of Exxon Mobil by 19.6% during the third 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. Finally, Geode Capital Management LLC increased its position in shares of Exxon Mobil by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 52,195,792 shares of the oil and gas company’s stock valued at $3,553,133,000 after buying an additional 3,593,304 shares during the period. Hedge funds and other institutional investors own 53.20% of the company’s stock.

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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 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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