Exxon Mobil Co. (NYSE:XOM) was the recipient of a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 39,260,000 shares, a decline of 6.7% from the November 14th total of 42,070,000 shares. Based on an average daily volume of 11,540,000 shares, the short-interest ratio is currently 3.4 days. Currently, 0.9% of the company’s shares are short sold.
Exxon Mobil stock opened at $69.23 on Friday. The business has a fifty day moving average of $69.28 and a two-hundred day moving average of $71.51. The firm has a market cap of $291.78 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.75 and a beta of 0.99. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. Exxon Mobil has a twelve month low of $64.65 and a twelve month high of $83.49.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The business’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. Equities analysts expect that Exxon Mobil will post 2.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, November 8th. Exxon Mobil’s payout ratio is presently 70.59%.
A number of analysts recently issued reports on the company. Barclays assumed coverage on Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target for the company. Piper Jaffray Companies assumed coverage on Exxon Mobil in a report on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price target for the company. Bank of America reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Tuesday, December 3rd. Goldman Sachs Group restated a “neutral” rating and set a $74.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Finally, UBS Group lowered their target price on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $79.00.
In related news, VP Liam M. Mallon sold 32,287 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the completion of the sale, the vice president now owns 211,289 shares in the company, valued at $14,422,587.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. 0.05% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Exxon Mobil by 0.9% during the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after purchasing an additional 2,953,857 shares in the last quarter. BlackRock Inc. increased its position in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after acquiring an additional 1,069,038 shares during the period. Northern Trust Corp increased its position in shares of Exxon Mobil by 0.5% in the 2nd quarter. Northern Trust Corp now owns 57,794,339 shares of the oil and gas company’s stock valued at $4,428,779,000 after acquiring an additional 305,219 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Exxon Mobil by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after acquiring an additional 1,057,308 shares during the period. Finally, Nuveen Asset Management LLC increased its position in shares of Exxon Mobil by 5,514.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after acquiring an additional 22,268,191 shares during the period. 54.54% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Company Profile
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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