Exxon Mobil Short Interest Up 7.2% in June (XOM)
Shares of Exxon Mobil (NYSE:XOM) were the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 51,662,074 shares, an increase of 7.2% from the May 30th total of 48,203,756 shares, Stock Ratings Network reports. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 9,019,598 shares, the days-to-cover ratio is currently 5.7 days.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Exxon Mobil in a research note on Tuesday, June 10th. They set a “hold” rating and a $105.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil in a research note on Thursday, June 5th. They now have a $105.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Exxon Mobil in a research note on Wednesday, May 21st. They now have a $102.00 price target on the stock, down previously from $108.00. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $102.23.
Exxon Mobil (NYSE:XOM) opened at 102.59 on Monday. Exxon Mobil has a 1-year low of $84.79 and a 1-year high of $104.61. The stock has a 50-day moving average of $101.6 and a 200-day moving average of $98.32. The company has a market cap of $440.6 billion and a P/E ratio of 13.83.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $2.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.88 by $0.22. The company had revenue of $106.77 billion for the quarter, compared to the consensus estimate of $109.76 million. During the same quarter last year, the company posted $2.12 earnings per share. Exxon Mobil’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that Exxon Mobil will post $7.78 EPS for the current fiscal year.
Exxon Mobil Corporation is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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