Exxon Mobil Corp Stock in 2019 Q2 Driven by Institutional Investors

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Sentiment for Exxon Mobil Corp (NYSE:XOM)

Exxon Mobil Corp (NYSE:XOM) institutional sentiment decreased to 0.78 in 2019 Q2. Its down -0.14, from 0.92 in 2019Q1. The ratio worsened, as 645 investment managers started new and increased stock positions, while 832 reduced and sold their stakes in Exxon Mobil Corp. The investment managers in our partner’s database now hold: 2.24 billion shares, down from 2.24 billion shares in 2019Q1. Also, the number of investment managers holding Exxon Mobil Corp in their top 10 stock positions decreased from 214 to 170 for a decrease of 44. Sold All: 44 Reduced: 788 Increased: 537 New Position: 108.

Exxon Mobil Corporation explores for and produces natural gas and crude oil in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. The company has market cap of $307.14 billion. The firm operates through Upstream, Downstream, and Chemical divisions. It has a 17.49 P/E ratio. It also makes petroleum products; makes and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

The stock increased 0.85% or $0.61 during the last trading session, reaching $72.59. About 4.50 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.03% since September 13, 2018 and is downtrending. It has underperformed by 9.03% the S&P500.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on November, 1. They expect $0.91 earnings per share, down 37.67 % or $0.55 from last year’s $1.46 per share. XOM’s profit will be $3.85 billion for 19.94 P/E if the $0.91 EPS becomes a reality. After $0.73 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 24.66 % EPS growth.

Doliver Advisors Lp holds 40.52% of its portfolio in Exxon Mobil Corporation for 1.34 million shares. Hightower Trust Services Lta owns 3.68 million shares or 35.63% of their US portfolio. Moreover, Peddock Capital Advisors Llc has 31.65% invested in the company for 775,492 shares. The Maryland-based Adams Natural Resources Fund Inc. has invested 19.07% in the stock. Holowesko Partners Ltd., a Bahamas-based fund reported 1.57 million shares.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Ratings analysis reveals 14% of Exxon Mobil’s analysts are positive. Out of 7 Wall Street analysts rating Exxon Mobil, 1 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7300 while the high is $91. The stock’s average target of $83.38 is 14.86% above today’s ($72.59) share price. XOM was included in 15 notes of analysts from March 14, 2019. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Equal-Weight” rating given on Friday, July 12 by Morgan Stanley. The firm has “Buy” rating by HSBC given on Thursday, March 14. The rating was maintained by Societe Generale on Wednesday, March 20 with “Buy”. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, April 3. The firm earned “Neutral” rating on Friday, August 23 by UBS. Morgan Stanley maintained it with “Hold” rating and $84 target in Monday, June 24 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, May 16. RBC Capital Markets downgraded the shares of XOM in report on Thursday, July 18 to “Sector Perform” rating.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Fool.com which released: “Better Buy: ExxonMobil vs. Chevron – The Motley Fool” on August 26, 2019, also Finance.Yahoo.com with their article: “Why Exxon Mobil Corporation’s (NYSE:XOM) High P/E Ratio Isn’t Necessarily A Bad Thing – Yahoo Finance” published on July 04, 2019, Finance.Yahoo.com published: “3 Stocks to Buy As Sector Rotation Heats Up – Yahoo Finance” on September 12, 2019. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Finance.Yahoo.com and their article: “Have Insiders Been Selling Exxon Mobil Corporation (NYSE:XOM) Shares This Year? – Yahoo Finance” published on May 31, 2019 as well as Seekingalpha.com‘s news article titled: “EPA to roll back regulations on methane – Seeking Alpha” with publication date: August 29, 2019.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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