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.

The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio is 91.36%.

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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