Short Interest Runner: What’s Next for Exxon Mobil Corporation (NYSE:XOM) After Having More Shares Shorted?

November 22, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Runner: What's Next for Exxon Mobil Corporation (NYSE:XOM) After Having More Shares Shorted?

The stock of Exxon Mobil Corporation (NYSE:XOM) registered an increase of 6.08% in short interest. XOM’s total short interest was 54.17 million shares in November as published by FINRA. Its up 6.08% from 51.07M shares, reported previously. With 10.26 million shares average volume, it will take short sellers 5 days to cover their XOM’s short positions. The short interest to Exxon Mobil Corporation’s float is 1.31%. The stock increased 1.42% or $1.21 during the last trading session, hitting $86.49. About 27 shares traded hands. Exxon Mobil Corporation (NYSE:XOM) has declined 0.36% since April 20, 2016 and is downtrending. It has underperformed by 4.91% the S&P500.

Exxon Mobil Corporation is an energy company. The company has a market cap of $358.65 billion. The Firm is engaged in the exploration and production of natural gas and crude oil, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. It has a 40.43 P/E ratio. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.04, from 0.91 in 2016Q1. The ratio dropped, as 64 funds sold all Exxon Mobil Corporation shares owned while 811 reduced positions. 93 funds bought stakes while 702 increased positions. They now own 2.05 billion shares or 3.72% less from 2.13 billion shares in 2016Q1.
The New York-based Northroad Cap Management Limited Liability has invested 0.28% in Exxon Mobil Corporation (NYSE:XOM). Interocean Cap Limited Liability Corp has 147,880 shares for 3.36% of their US portfolio. Susquehanna Grp Llp owns 1.39M shares or 0.07% of their US portfolio. South Texas Money Ltd has 0.49% invested in the company for 92,734 shares. Karpus accumulated 0.05% or 10,668 shares. Kanaly has invested 18.83% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Stillwater Capital Advisors Limited Liability Company reported 96,389 shares or 2.7% of all its holdings. Moreover, Gabelli Funds Ltd Limited Liability Company has 0.59% invested in Exxon Mobil Corporation (NYSE:XOM) for 1.06 million shares. First Quadrant Lp Ca holds 2.1% or 1.02 million shares in its portfolio. Cubic Asset Lc owns 17,243 shares or 0.55% of their US portfolio. Cetera Advsr Ltd Liability Com last reported 1.13% of its portfolio in the stock. Webster Bank N A, a Connecticut-based fund reported 1.18 million shares. Riggs Asset Managment accumulated 0.14% or 2,855 shares. Moreover, Neumann Cap Ltd Limited Liability Company has 0.16% invested in Exxon Mobil Corporation (NYSE:XOM) for 2,542 shares. Ar Schmeidler has 7,653 shares for 0.16% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 4 selling transactions for $4.22 million net activity. 13,855 Exxon Mobil Corporation (NYSE:XOM) shares with value of $1.22 million were sold by Franklin Robert Stuart. Another trade for 6,000 shares valued at $544,860 was sold by Corson Bradley W. Chapman Neil A sold $1.07M worth of stock or 12,000 shares.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Out of 17 analysts covering Exxon Mobil (NYSE:XOM), 5 rate it a “Buy”, 5 “Sell”, while 7 “Hold”. This means 29% are positive. $104 is the highest target while $52 is the lowest. The $81.96 average target is -5.24% below today’s ($86.49) stock price. Exxon Mobil has been the topic of 37 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, January 26 by Tudor Pickering. The firm earned “Underperform” rating on Wednesday, November 18 by Raymond James. Barclays Capital upgraded it to “Equal-Weight” rating and $85 target price in Monday, October 12 report. The firm earned “Neutral” rating on Monday, May 2 by UBS. Vetr downgraded it to “Strong-Buy” rating and $86.25 target price in Wednesday, August 12 report. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. On Thursday, June 2 the stock rating was downgraded by Bank of America to “Neutral”. As per Thursday, September 3, the company rating was maintained by Barclays Capital. Citigroup maintained the stock with “Hold” rating in Wednesday, August 19 report. Macquarie Research initiated Exxon Mobil Corporation (NYSE:XOM) on Wednesday, September 23 with “Underperform” rating.

XOM Company Profile

Exxon Mobil Corporation, incorporated on August 5, 1882, is an energy company. The Firm is engaged in the exploration and production of natural gas and crude oil, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products. The Firm operates through the Upstream, Downstream, Chemical, and Corporate and Financing divisions. The Upstream segment operates explores for and produces natural gas and crude oil. The Downstream segment makes and sells petroleum products. The Chemical segment makes and sells petrochemicals. The Company’s projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, Azeri-Chirag-Gunashli field, the Barzan project, the Arkutun-Dagi project, and the Upper Zakum 750 project, among others.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Investorplace.com which released: “Exxon Mobil Corporation (XOM) Stock Gets a Little “Orange” Juice” on November 11, 2016, also Investorplace.com with their article: “3 Reasons Exxon Mobil Corporation (XOM) Is Dead Money” published on November 02, 2016, Nasdaq.com published: “ExxonMobil’s (XOM) Oil Discovery in Guyana Now Commercial” on November 21, 2016. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Investorplace.com and their article: “Exxon Mobil Corporation’s (XOM) Dividend Growth Record Is in Jeopardy” published on November 08, 2016 as well as Seekingalpha.com‘s news article titled: “Exxon Mobil: 1 More Reason To Buy” with publication date: November 16, 2016.

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