Short Interest in Exxon Mobil Corporation (NYSE:XOM) Grows By 9.5%
Exxon Mobil Corporation (NYSE:XOM) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 36,186,150 shares, an increase of 9.5% from the July 14th total of 33,043,073 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 11,400,692 shares, the days-to-cover ratio is currently 3.2 days.
In related news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $3,306,084,000. State Street Corp increased its position in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after buying an additional 15,740,895 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Exxon Mobil Corporation by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after buying an additional 10,366,636 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Exxon Mobil Corporation by 136,463.4% in the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after buying an additional 7,134,305 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its position in shares of Exxon Mobil Corporation by 8,029.5% in the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock valued at $46,349,000 after buying an additional 3,695,728 shares during the last quarter. 50.77% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Corporation (XOM) opened at 78.23 on Tuesday. The company has a market cap of $331.47 billion, a PE ratio of 28.20 and a beta of 0.81. The stock has a 50 day moving average of $80.40 and a 200-day moving average of $81.65. Exxon Mobil Corporation has a 1-year low of $78.12 and a 1-year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same period last year, the company posted $0.41 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
XOM has been the subject of several research reports. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $100.00 in a report on Thursday, May 11th. Wolfe Research cut Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $83.00 price target on shares of Exxon Mobil Corporation in a report on Tuesday, May 30th. Zacks Investment Research cut Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. Finally, BMO Capital Markets boosted their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday, June 21st. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Exxon Mobil Corporation presently has a consensus rating of “Hold” and a consensus target price of $84.98.
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About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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