The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Exxon Mobil Corporation shares valued at $3,478,779 were purchased by UBBEN JEFFREY W on Aug 05. At $86.97 per share, UBBEN JEFFREY W acquired 40,000 shares. The insider’s holdings grew to 1,177,000 shares worth approximately $107.05 million following the completion of this transaction.
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Also, UBBEN JEFFREY W purchased 960,000 shares, netting a total of over 84,966,513 in proceeds. Following the buying of shares at $88.51 each, the insider now holds 1,137,000 shares.
Before that, Talley Darrin L had sold 2,500 shares from its account. In a trade valued at $236,500, the Vice President traded Exxon Mobil Corporation shares for $94.60 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $2.53 million.
Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid July. As of June 21, 2022, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for XOM. Earlier on June 07, 2022, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for XOM stock which previously was a “an In-line”.
Analyzing XOM’s Price Performance
On Wednesday, Exxon Mobil Corporation [NYSE: XOM] plunged -1.61% to $90.95. The stock’s lowest price that day was $90.87, but it reached a high of $93.88 in the same session. During the last five days, there has been a drop of approximately -6.88%. Over the course of the year, Exxon Mobil Corporation shares have jumped approximately 48.64%. 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 $92.69, while a 200-day SMA reached $84.05. Nevertheless, trading volume fell to 17.23 million shares from 14.71 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 89.92, which, if violated, would cause prices to drop to 88.89. In the upper region, resistance lies at 92.93. The next price resistance is at 94.91. RSI (Relative Strength Index) is 41.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.46, which suggests the price will decrease in the coming days. Percent R is at 99.04%, 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 steep in short interest on Jul 14, 2022 dropping by -5.9 million shares to 37.52 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 43.42 million shares. A decline of -15.72% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.28 of the overall float, the days-to-cover ratio (short ratio) decline to 1.28.
Which companies own the most shares of Exxon Mobil Corporation (XOM)?
According to The Vanguard Group, Inc. filings, the company currently owns 351,426,688 shares, which is about 8.43% of the total XOM shares outstanding. The investor’s shares have appreciated by 3,583,909 from its previous 13-F filing of 347842779.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $22,421,023,456. BlackRock Fund Advisors acquire a 3.98% interest valued at $19.58 billion while Fidelity Management & Research Co purchased a 16,583,978 stake. A total of 2,636,395 shares of Exxon Mobil Corporation were bought by Geode Capital Management LLC during the quarter, and 11,563,125 were bought by Norges Bank Investment Management. In its current portfolio, Northern Trust Investments, Inc. holds 47,695,994 shares valued at $4.56 billion.
In terms of Exxon Mobil Corporation share price expectations, FactSet research, analysts set an average price target of $107.67 in the next 12 months, up nearly 17.91% from the previous closing price of $92.44. Analysts anticipate Exxon Mobil Corporation stock to reach $134.00 by 2022, with the lowest price target being $89.00. On April 21, 2022, RBC Capital Mkts assigned a price target of “an Outperform” to the stock and upgraded coverage with a $100.