Handle With Care: Exxon Mobil Corporation (NYSE: XOM)


    SSgA Funds Management, Inc. recently announced the acquisition of new stake in Exxon Mobil Corporation (NYSE:XOM). The institutional investor has increased its shareholding in the Energy company by 7.07% to 221.1 million shares with purchase of 14.59 million shares. This fresh investment now brings its stake to 5.23% valued currently at $9.3 billion. In addition, Geode Capital Management LLC raised its holdings by 0.73 million to 63.59 million shares. And Norges Bank Investment Management has lifted its position by 6.80% or 2.79 million shares – to 43.79 million shares.

    With over 17.91 million Exxon Mobil Corporation (XOM) shares trading Monday and a closing price of $42.22 on the day, the dollar volume was approximately $756.15 million. The shares have shown a negative weekly performance of -0.98% and its price on 08/24/20 gained nearly 2.95%. Currently, there are 4.27B common shares owned by the public and among those 4.23B shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 24 analysts who have offered their price forecasts for XOM have a consensus price objective of $48.50. The analysts have set the share’s price value over the next 12 months at a high of $77.00 and a low of $39.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Exxon Mobil Corporation stock is 3.10 for the next 12 months. The average price target is 11.95% above its last price level and an upside to the estimated low will see the stock lose -8.26% over that period. But an upside of 45.17% will see the stock hit the forecast high price target while mean target price for the stock is $47.00.

    Insiders at the company have transacted a total of 82 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 41 of these insider trades were purchases, accounting for 1,128,368 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 212,277 shares.

    The top 3 mutual fund holders in Exxon Mobil Corporation are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and SPDR Series – Energy Select Secto. Vanguard Total Stock Market Index owns 120.21 million shares of the company’s stock, all valued at over $5.06 billion. The company sold -0.28 million shares recently to bring their total holdings to about 2.84% of the shares outstanding. Vanguard 500 Index Fund sold -0.53 million shares to see its total holdings shrink to 87.19 million shares valued at over $3.67 billion and representing 2.06% of the shares outstanding. SPDR Series – Energy Select Secto bought 0.37 million shares to bring its total holdings to over 53.73 million shares at a value of $2.26 billion. SPDR Series – Energy Select Secto now owns shares totaling to 1.27% of the shares outstanding.

    Shares of Exxon Mobil Corporation (NYSE: XOM) opened at $41.28, up $0.27 from a prior closing price of $41.01. However, the script later closed the day at $42.22, up 2.95%. The company’s stock has a 5-day price change of -0.98% and -8.04% over the past three months. XOM shares are trading -39.50% year to date (YTD), with the 12-month market performance down to -37.44% lower. It has a 12-month low price of $30.11 and touched a high of $75.18 over the same period. Currently, 17.91 million shares have been traded, compared to an average intraday trading volume of 22.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.97%, -3.98%, and -19.49% respectively.

    Institutional ownership of Exxon Mobil Corporation (NYSE: XOM) shares accounts for 53.10% of the company’s 4.27B shares outstanding. Mutual fund holders own 24.81%, while other institutional holders and individual stakeholders account for 28.00% and 0.73% respectively.

    It has a market capitalization of $179.87B and a beta (3y monthly) value of 1.32. The stock’s trailing 12-month PE ratio is 28.03, while the earnings-per-share (ttm) stands at $1.51. The company has a PEG of 2.17 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.09% over the week and 2.31% over the month.

    Analysts forecast that Exxon Mobil Corporation (XOM) will achieve an EPS of -$0.03 for the current quarter, $0.15 for the next quarter and $1.54 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.48 while analysts give the company a high EPS estimate of $0.37. Comparatively, EPS for the current quarter was $0.67 a year ago. Earnings per share for the fiscal year are expected to decrease by -33.80%, and 1276.90% over the next financial year. EPS should grow at an annualized rate of 12.91% over the next five years, compared to -16.00% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 24 brokerage firm advisors rate Exxon Mobil Corporation (XOM) as a “Hold” at a consensus score of 3.10. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 17 of the 24 advise that investors “hold,” and 4 rated it as a “Sell.”

    Looking at the support for the XOM, a number of firms have released research notes about the stock. Standpoint Research stated their Hold rating for the stock in a research note on June 09, 2020, with the firm’s price target at. Exane BNP Paribas coverage for the Exxon Mobil Corporation (XOM) stock in a research note released on May 13, 2020 offered a Neutral rating with a price target of. Argus was of a view on April 02, 2020 that the stock is Hold, while RBC Capital Mkts gave the stock Underperform rating on March 16, 2020, issuing a price target of $55- $40. Cowen on their part issued Market Perform rating on March 06, 2020.


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