Exxon Mobil Co. (NYSE:XOM) Sees Large Decline in Short Interest

Exxon Mobil Co. (NYSE:XOMGet Rating) was the recipient of a large decline in short interest in the month of December. As of December 30th, there was short interest totalling 32,730,000 shares, a decline of 20.0% from the December 15th total of 40,900,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 17,800,000 shares, the days-to-cover ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on XOM shares. Citigroup lifted their price target on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. JPMorgan Chase & Co. lifted their target price on shares of Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, October 18th. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday. Mizuho upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the company from $90.00 to $140.00 in a report on Tuesday, January 10th. Finally, Cowen lifted their target price on shares of Exxon Mobil to $108.00 in a report on Friday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.35.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.32 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $109.57 and a 200 day moving average price of $100.41. The company has a market cap of $458.45 billion, a P/E ratio of 9.09, a PEG ratio of 0.48 and a beta of 1.11. Exxon Mobil has a 12 month low of $69.81 and a 12 month high of $114.66.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. The firm had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The company’s revenue was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Sell-side analysts predict that Exxon Mobil will post 13.87 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is presently 29.71%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the sale, the vice president now owns 34,272 shares of the company’s stock, valued at approximately $3,598,560. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealthquest Corp lifted its position in Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares during the last quarter. FourThought Financial LLC lifted its position in Exxon Mobil by 0.3% in the third quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after acquiring an additional 94 shares during the last quarter. Wilson & Boucher Capital Management LLC lifted its position in Exxon Mobil by 1.8% in the third quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after acquiring an additional 95 shares during the last quarter. Blooom Inc. lifted its position in Exxon Mobil by 0.8% in the third quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after acquiring an additional 97 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted its position in Exxon Mobil by 1.5% in the third quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock valued at $589,000 after acquiring an additional 97 shares during the last quarter. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Company Profile

(Get Rating)

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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