Exxon Mobil Corp. (XOM) Short Interest Up 7.6% in September
Exxon Mobil Corp. (NYSE:XOM) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 58,280,353 shares, an increase of 7.6% from the September 15th total of 54,173,950 shares. Based on an average daily volume of 15,369,874 shares, the short-interest ratio is currently 3.8 days. Approximately 1.4% of the company’s shares are short sold.
Exxon Mobil Corp. (NYSE:XOM) opened at 86.54 on Monday. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The company’s 50 day moving average is $86.20 and its 200-day moving average is $88.37. The stock has a market cap of $358.85 billion, a PE ratio of 34.37 and a beta of 0.83.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.64 by $0.23. The firm had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The company’s revenue was down 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. Equities research analysts forecast that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on the stock. Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corp. in a report on Sunday, July 10th. HSBC set a $86.00 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Tuesday, June 28th. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $95.77 target price for the company in a report on Tuesday, July 26th. Barclays PLC set a $102.00 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Finally, Credit Suisse Group AG set a $74.00 target price on shares of Exxon Mobil Corp. and gave the stock a “sell” rating in a report on Friday. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $87.77.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the sale, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock worth $25,715,387,000 after buying an additional 6,897,006 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock worth $9,286,480,000 after buying an additional 1,455,454 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Exxon Mobil Corp. by 4.2% in the second quarter. BlackRock Fund Advisors now owns 62,193,667 shares of the company’s stock worth $5,830,034,000 after buying an additional 2,524,527 shares during the last quarter. BlackRock Group LTD raised its position in shares of Exxon Mobil Corp. by 0.5% in the second quarter. BlackRock Group LTD now owns 34,810,748 shares of the company’s stock worth $3,263,159,000 after buying an additional 177,918 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Exxon Mobil Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 21,717,922 shares of the company’s stock worth $2,036,082,000 after buying an additional 869,112 shares during the last quarter. Hedge funds and other institutional investors own 50.42% of the company’s stock.
Exxon Mobil Corp. Company Profile
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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