November 24, 2016 - By Clifton Ray · 0 Comments
Exxon Mobil Corp (NYSE:XOM) institutional sentiment decreased to 0.87 in Q2 2016. Its down -0.04, from 0.91 in 2016Q1. The ratio has dropped, as 795 hedge funds increased and opened new equity positions, while 875 decreased and sold their equity positions in Exxon Mobil Corp. The hedge funds in our partner’s database now possess: 2.05 billion shares, down from 2.13 billion shares in 2016Q1. Also, the number of hedge funds holding Exxon Mobil Corp in their top 10 equity positions increased from 473 to 535 for an increase of 62. Sold All: 64 Reduced: 811 Increased: 702 New Position: 93.
Exxon Mobil Corporation is an energy company. The company has a market cap of $361.22 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 40.63 P/E ratio. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
The stock increased 0.28% or $0.24 on November 23, hitting $86.92. About 6.06M shares traded hands. Exxon Mobil Corporation (NYSE:XOM) has declined 0.70% since April 22, 2016 and is downtrending. It has underperformed by 6.11% the S&P500.
Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on January, 31 before the open. They expect $0.80 earnings per share, up 19.40% or $0.13 from last year’s $0.67 per share. XOM’s profit will be $3.32B for 27.16 P/E if the $0.80 EPS becomes a reality. After $0.63 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 26.98% EPS growth.
According to Zacks Investment Research, “Exxon Mobil Corporation’s principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.”
Peddock Capital Advisors Llc holds 49.91% of its portfolio in Exxon Mobil Corporation for 834,564 shares. Salient Trust Co Lta owns 4.93 million shares or 49.43% of their US portfolio. Moreover, Adams Natural Resources Fund Inc. has 20.7% invested in the company for 1.40 million shares. The Texas-based Kanaly Trust Co has invested 18.83% in the stock. Spero, a Alabama-based fund reported 138,855 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 insider sales for $4.22 million net activity.
Ratings analysis reveals 29% of Exxon Mobil’s analysts are positive. Out of 17 Wall Street analysts rating Exxon Mobil, 5 give it “Buy”, 5 “Sell” rating, while 7 recommend “Hold”. The lowest target is $52 while the high is $104. The stock’s average target of $81.96 is -5.71% below today’s ($86.92) share price. XOM was included in 37 notes of analysts from July 22, 2015. The stock has “Buy” rating given by Argus Research on Wednesday, May 18. The firm has “Underperform” rating given on Wednesday, November 18 by Raymond James. The firm earned “Conviction Buy” rating on Friday, March 18 by Goldman Sachs. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Underweight” rating given on Thursday, September 3 by Barclays Capital. The firm has “Underperform” rating given on Wednesday, September 23 by Macquarie Research. The firm has “Outperform” rating by Credit Agricole given on Tuesday, December 15. Deutsche Bank maintained Exxon Mobil Corporation (NYSE:XOM) rating on Tuesday, March 29. Deutsche Bank has “Hold” rating and $82 price target. The rating was maintained by UBS on Monday, May 2 with “Neutral”. As per Monday, October 12, the company rating was upgraded by Barclays Capital. The stock has “Buy” rating given by Vetr on Thursday, August 20.
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 important 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 published article titled: “3 Reasons Exxon Mobil Corporation (XOM) Is Dead Money”, Investorplace.com published: “Exxon Mobil Corporation’s (XOM) Dividend Growth Record Is in Jeopardy” on November 08, 2016. More interesting news about Exxon Mobil Corporation (NYSE:XOM) was released by: Nasdaq.com and their article: “ExxonMobil’s (XOM) Oil Discovery in Guyana Now Commercial” with publication date: November 21, 2016.
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By Clifton Ray