Exxon Mobil Corporation (NYSE:XOM) Short Interest Up 234,400.0% in July

Exxon Mobil Corporation (NYSE:XOM) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 37,520,000 shares, agrowthof234,400.0% from the June 30th total of 16,000 shares. Based on an average trading volume of 16,590,000 shares, the short-interest ratio is presently 2.3 days. Based on an average trading volume of 16,590,000 shares, the short-interest ratio is presently 2.3 days.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $109.61 on Friday. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market capitalization of $472.38 billion, a PE ratio of 15.57, a PEG ratio of 2.06 and a beta of 0.53. The business’s 50 day moving average is $109.48 and its 200-day moving average is $109.13. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the firm earned $2.14 EPS. Exxon Mobil’s revenue for the quarter was down 12.4% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XOM shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Finally, UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $125.42.

Institutional Trading of Exxon Mobil

Institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its stake in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after buying an additional 1,340,343 shares in the last quarter. Capital Research Global Investors boosted its stake in Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company’s stock valued at $3,739,465,000 after buying an additional 1,293,111 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after purchasing an additional 512,860 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.