November 30, 2016 - By Ruchi Gupta
As published in a document that has been filled with the Washington-based SEC on 30/11/2016, Robert Schleckser an insider in Exxon Mobil Corp and currently Vice President and Treasurer, unloaded shares worth $463,892 U.S. Dollars in the Texas-based company. He sold 5,339 shares, at average $86.9 per share. Now, Robert Schleckser owns 158,555 shares which are equivalent to about 0.00% of the Company’s market capitalization.
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 -6.60% below today’s ($87.75) stock price. Exxon Mobil has been the topic of 37 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Nomura initiated it with “Reduce” rating and $70 target price in Friday, March 18 report. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Strong-Buy” rating by Vetr on Wednesday, August 12. The company was upgraded on Thursday, August 20 by Vetr. The firm has “Conviction Buy” rating by Goldman Sachs given on Friday, March 18. The rating was upgraded by Goldman Sachs on Wednesday, July 22 to “Conviction Buy”. Goldman Sachs downgraded Exxon Mobil Corporation (NYSE:XOM) on Monday, October 31 to “Neutral” rating. The rating was maintained by Citigroup with “Hold” on Wednesday, August 19. The company was downgraded on Wednesday, November 18 by Raymond James. UBS maintained the stock with “Neutral” rating in Monday, May 2 report. The firm has “Outperform” rating given on Tuesday, December 15 by Credit Agricole.
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.
Barbara Oil Co has 43,828 shares for 3.31% of their US portfolio. Tsp Mngmt Group Inc Limited Liability Com owns 21,081 shares or 1.02% of their US portfolio. Moreover, Reik And Company Limited Liability has 2.9% invested in Exxon Mobil Corporation (NYSE:XOM) for 91,110 shares. Inv Centers Of America holds 1.29% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 72,341 shares. Eagle Mngmt Lc last reported 0.47% of its portfolio in the stock. Moreover, Pettyjohn Wood & White has 4.32% invested in Exxon Mobil Corporation (NYSE:XOM) for 116,714 shares. Liberty Mutual Group Inc Asset Mngmt reported 297,316 shares or 1.02% of all its holdings. Shelton Cap last reported 188,685 shares in the company. Dearborn Prtnrs Limited Liability Company accumulated 209,169 shares or 1.7% of the stock. The New Hampshire-based Granite Advsr has invested 2.3% in Exxon Mobil Corporation (NYSE:XOM). Carret Asset Mgmt Lc, a New York-based fund reported 117,894 shares. Tcw Group Inc accumulated 347,222 shares or 0.25% of the stock. Moreover, Wg Shaheen And Assocs Dba Whitney And Communication has 1.97% invested in Exxon Mobil Corporation (NYSE:XOM) for 51,744 shares. Icon Advisers Communication has 606,300 shares for 3.86% of their US portfolio. S&T State Bank Pa accumulated 124,204 shares or 1.9% of the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 4 sales for $4.22 million net activity. 16,000 shares were sold by Chapman Neil A, worth $1.39 million. On Wednesday, August 24 Franklin Robert Stuart sold $1.22 million worth of the stock or 13,855 shares. Corson Bradley W sold $544,860 worth of stock.
About 13.14 million shares traded hands or 26.59% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 2.89% since April 27, 2016 and is downtrending. It has underperformed by 8.12% the S&P500.
Exxon Mobil Corporation is an energy company. The company has a market cap of $361.47 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 41.02 P/E ratio. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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.”
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 $3.30B for 27.42 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.
More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon Mobil: What To Expect From Q4 Earnings” on November 30, 2016, also Investorplace.com with their article: “Exxon Mobil Corporation (XOM) Stock Gets a Little “Orange” Juice” published on November 11, 2016, Seekingalpha.com published: “Buy Exxon Mobil For These 2 Reasons” on November 25, 2016. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Investorplace.com and their article: “3 Reasons Exxon Mobil Corporation (XOM) Is Dead Money” published on November 02, 2016 as well as Investorplace.com‘s news article titled: “Exxon Mobil Corporation’s (XOM) Dividend Growth Record Is in Jeopardy” with publication date: November 08, 2016.
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.
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By Ruchi Gupta