Buying Buzz: Exxon Mobil Corporation [XOM] Director UBBEN JEFFREY W purchases 192,000 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 $20,437,068 were purchased by UBBEN JEFFREY W on Aug 01. At $106.44 per share, UBBEN JEFFREY W acquired 192,000 shares. The insider’s holdings grew to 1,827,000 shares worth approximately $194.3 million following the completion of this transaction.

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Also, UBBEN JEFFREY W purchased 458,000 shares, netting a total of over 48,972,562 in proceeds. Following the buying of shares at $106.93 each, the insider now holds 1,635,000 shares.

Before that, Talley Darrin L had sold 2,500 shares from its account. In a trade valued at $290,288, the Vice President traded Exxon Mobil Corporation shares for $116.11 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $3.11 million.

As published in a research note from Truist on July 24, 2023, Exxon Mobil Corporation [XOM] has been retained to a Hold and the price target has been revised to $110. This represents a 3.32% premium over Thursday’s closing price.

Analyzing XOM Stock Performance

On Thursday, Exxon Mobil Corporation [NYSE: XOM] plunged -0.75% to $106.35. The stock’s lowest price that day was $106.07, but it reached a high of $107.765 in the same session. During the last five days, there has been a drop of approximately -1.89%. Over the course of the year, Exxon Mobil Corporation shares have dropped approximately -3.58%. Shares of the company reached a 52-week high of $119.92 on 04/28/23 and a 52-week low of $98.02 on 03/16/23. A 50-day SMA is recorded $105.84, while a 200-day SMA reached $109.07. Nevertheless, trading volume fell to 10.8 million shares from 11.44 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 105.69, which, if violated, would cause prices to drop to 105.03. In the upper region, resistance lies at 107.39. The next price resistance is at 108.42. RSI (Relative Strength Index) is 46.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.49, which suggests the price will decrease in the coming days. Percent R is at 79.06%, indicating bearish price movement. Stochastics %K at holding 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 Jul 30, 2023 jumping by 7.12 million shares to 33.53 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 26.41 million shares. A jump of 21.23% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.94 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.94.

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

In terms of Exxon Mobil Corporation share price expectations, FactSet research, analysts set an average price target of $121.18 in the next 12 months, up nearly 11.99% from the previous closing price of $107.15. Analysts anticipate Exxon Mobil Corporation stock to reach $145.00 by 2023, with the lowest price target being $100.00. In spite of this, 26 analysts ranked Exxon Mobil Corporation stock as an Overweight at the end of 2023.


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