Exxon Mobil Co. (XOM) Short Interest Update
Exxon Mobil Co. (NYSE:XOM) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 27,366,090 shares, a drop of 11.6% from the July 31st total of 30,949,131 shares. Based on an average trading volume of 10,048,447 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.6% of the company’s stock are short sold.
NYSE:XOM traded up $0.60 during trading hours on Friday, reaching $82.92. The stock had a trading volume of 8,666,236 shares, compared to its average volume of 9,563,977. The company has a market cap of $352.26 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil has a 52 week low of $72.15 and a 52 week high of $89.30.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. analysts anticipate that Exxon Mobil will post 4.54 EPS for the current year.
Several hedge funds have recently modified their holdings of the business. Alley Co LLC raised its stake in Exxon Mobil by 3.0% in the fourth quarter. Alley Co LLC now owns 62,812 shares of the oil and gas company’s stock valued at $5,254,000 after buying an additional 1,802 shares during the last quarter. Koch Industries Inc. raised its stake in Exxon Mobil by 343.1% in the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after buying an additional 9,676 shares during the last quarter. Eaton Vance Management increased its holdings in shares of Exxon Mobil by 53.6% in the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after purchasing an additional 3,136,452 shares during the period. TLP Group LLC increased its holdings in shares of Exxon Mobil by 2,160.1% in the first quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock valued at $317,000 after purchasing an additional 4,061 shares during the period. Finally, First Financial Bank Trust Division increased its holdings in shares of Exxon Mobil by 3.5% in the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after purchasing an additional 2,883 shares during the period. Institutional investors and hedge funds own 52.60% of the company’s stock.
Several equities analysts have recently weighed in on the company. Jefferies Financial Group set a $87.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Friday. UBS Group set a $87.00 price objective on Exxon Mobil and gave the stock a “hold” rating in a report on Friday. HSBC reiterated a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday. Barclays reiterated a “sell” rating and issued a $87.00 price objective on shares of Exxon Mobil in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $93.00 price target on shares of Exxon Mobil in a research note on Tuesday, September 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $87.66.
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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