Saturday, June 25, 2022

Selling Buzz: Exxon Mobil Corporation [XOM] Vice President Talley Darrin L sells 2,147 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Exxon Mobil Corporation shares valued at $220,744 were sold by Talley Darrin L on Jun 07. At $102.81 per share, Talley Darrin L sold 2,147 shares. The insider’s holdings dropped to 30,363 shares worth approximately $2.67 million following the completion of this transaction.

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Also, Talley Darrin L sold 2,500 shares, netting a total of over 241,635 in proceeds. Following the sale of shares at $96.65 each, the insider now holds 32,510 shares.

Before that, Littleton Stephen A had sold 10,000 shares from its account. In a trade valued at $812,916, the Vice President and Secretary traded Exxon Mobil Corporation shares for $81.29 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.25 million.

As published in a research note from Credit Suisse on June 21, 2022, Exxon Mobil Corporation [XOM] has been rated up from a Neutral to an Outperform and the price target has been revised to $125 from $115. This represents a 29.71% premium over Wednesday’s closing price. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in early June. As of April 21, 2022, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for XOM. Earlier on February 23, 2022, Cowen resumed its rating. Their recommendation was “a Market perform” for XOM stock.

Analyzing XOM’s Price Performance

On Wednesday, Exxon Mobil Corporation [NYSE: XOM] plunged -3.96% to $87.86. The stock’s lowest price that day was $87.53, but it reached a high of $89.76 in the same session. During the last five days, there has been a drop of approximately -8.57%. Over the course of the year, Exxon Mobil Corporation shares have jumped approximately 43.59%. Shares of the company reached a 52-week high of $105.57 on 06/08/22 and a 52-week low of $61.21 on 01/03/22. A 50-day SMA is recorded $91.23, while a 200-day SMA reached $74.47. Nevertheless, trading volume fell to 29.68 million shares from 35.95 million shares the previous day.

Support And Resistance Levels for Exxon Mobil Corporation (XOM)

According to the 24-hour chart, there is a support level at 87.01, which, if violated, would cause prices to drop to 86.15. In the upper region, resistance lies at 89.24. The next price resistance is at 90.61. RSI (Relative Strength Index) is 40.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.94, which suggests the price will decrease in the coming days. Percent R is at 88.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Exxon Mobil Corporation subject to short interest?

Stocks of Exxon Mobil Corporation saw a sharp rise in short interest on Apr 28, 2022 jumping by 4.28 million shares to 36.69 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 32.41 million shares. A jump of 11.67% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.45.

Which companies own the most shares of Exxon Mobil Corporation (XOM)?

According to The Vanguard Group, Inc. filings, the company currently owns 347,842,779 shares, which is about 8.26% of the total XOM shares outstanding. The investor’s shares have appreciated by 9,169,903 from its previous 13-F filing of 338672876.0 shares. With the completion of the sale, SSgA Funds Management, Inc.’s stake is now worth $24,110,801,856. BlackRock Fund Advisors acquire a 0.50% interest valued at $18.91 billion while Fidelity Management & Research Co purchased a 11,365,692 stake. A total of 594,922 shares of Exxon Mobil Corporation were bought by Geode Capital Management LLC during the quarter, and 10,484,665 were bought by Norges Bank Investment Management. In its current portfolio, GQG Partners LLC holds 51,800,709 shares valued at $4.97 billion.

In terms of Exxon Mobil Corporation share price expectations, FactSet research, analysts set an average price target of $101.37 in the next 12 months, up nearly 11.5% from the previous closing price of $91.48. Analysts anticipate Exxon Mobil Corporation stock to reach $128.00 by 2022, with the lowest price target being $77.00. In spite of this, 28 analysts ranked Exxon Mobil Corporation stock as an Overweight at the end of 2022. On February 02, 2022, Argus assigned a price target of “a Buy” to the stock and upgraded coverage with a $92.

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