Published On: Wed, Sep 7th, 2016

Traders Sell Shares of Exxon Mobil Corp. (XOM) on Strength (XOM)

Traders sold shares of Exxon Mobil Corp. (NYSE:XOM) on strength during trading hours on Tuesday. $120.99 million flowed into the stock on the tick-up and $235.80 million flowed out of the stock on the tick-down, for a money net flow of $114.81 million out of the stock. Of all companies tracked, Exxon Mobil Corp. had the 0th highest net out-flow for the day. Exxon Mobil Corp. traded up $1.15 for the day and closed at $88.57
A number of research firms have commented on XOM. Credit Suisse Group AG reiterated an “underperform” rating on shares of Exxon Mobil Corp. in a research report on Tuesday. Morningstar reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Argus reiterated a “buy” rating and set a $104.00 target price on shares of Exxon Mobil Corp. in a research report on Wednesday, August 17th. Credit Agricole SA reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Finally, Societe Generale set a $105.00 target price on Exxon Mobil Corp. and gave the stock a “buy” rating in a research report on Monday, August 15th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Exxon Mobil Corp. presently has a consensus rating of “Hold” and a consensus price target of $87.25.
The company has a 50 day moving average of $88.80 and a 200 day moving average of $87.85. The stock has a market capitalization of $367.27 billion and a P/E ratio of 35.17.

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Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corp. will post $2.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Wednesday, August 10th.
In related news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the transaction, the vice president now directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Other institutional investors recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of Exxon Mobil Corp. by 193.9% in the fourth quarter. American International Group Inc. now owns 6,207,286 shares of the company’s stock valued at $483,857,000 after buying an additional 4,095,019 shares during the period. Foresters Investment Management Company Inc. boosted its stake in shares of Exxon Mobil Corp. by 4.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 408,602 shares of the company’s stock valued at $31,851,000 after buying an additional 17,800 shares during the period. Finally, Roosevelt Investment Group Inc. boosted its stake in shares of Exxon Mobil Corp. by 1.9% in the fourth quarter. Roosevelt Investment Group Inc. now owns 19,952 shares of the company’s stock valued at $1,555,000 after buying an additional 373 shares during the period.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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