Exxon Mobil Corp.’s recent filing unveils that its Vice President Talley Darrin L unloaded Company’s shares for reported $0.27 million on Mar 19 ’24. In the deal valued at $113.33 per share,2,400 shares were sold. As a result of this transaction, Talley Darrin L now holds 27,789 shares worth roughly $3.37 million.
Then, Talley Darrin L sold 2,400 shares, generating $252,000 in total proceeds. Upon selling the shares at $105.00, the Vice President now owns 30,189 shares.
Before that, Fox Leonard M. sold 12,000 shares. Exxon Mobil Corp. shares valued at $1,231,800 were divested by the Vice President and Controller at a price of $102.65 per share. As a result of the transaction, Fox Leonard M. now holds 220,678 shares, worth roughly $26.78 million.
TD Cowen reiterated its Exxon Mobil Corp. [XOM] rating to a Buy in a research note published on April 01, 2024; the price target was $120. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in late January from “a Market perform” to “an Outperform”. Redburn Atlantic also remained covering XOM and has increased its forecast on January 09, 2024 with a “Buy” recommendation from previously “Neutral” rating. Mizuho revised its rating on January 03, 2024. It rated XOM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of XOM
On Friday, Exxon Mobil Corp. [NYSE:XOM] saw its stock jump 1.38% to $121.37. Over the last five days, the stock has gained 4.41%. Exxon Mobil Corp. shares have risen nearly 21.39% since the year began. Nevertheless, the stocks have risen 5.52% over the past one year. While a 52-week high of $120.70 was reached on 04/05/24, a 52-week low of $95.77 was recorded on 01/22/24. SMA at 50 days reached $107.76, while 200 days put it at $106.74. A total of 21.7 million shares were traded, compared to the trading of 18.47 million shares in the previous session.
Levels Of Support And Resistance For XOM Stock
The 24-hour chart illustrates a support level at 119.96, which if violated will result in even more drops to 118.54. On the upside, there is a resistance level at 122.47. A further resistance level may holdings at 123.56. The Relative Strength Index (RSI) on the 14-day chart is 85.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.06%. Stochastics %K at 95.57% indicates the stock is a selling.
How much short interest is there in Exxon Mobil Corp.?
A steep rise in short interest was recorded in Exxon Mobil Corp. stocks on Mar 15, 2024, growing by 12.81 million shares to a total of 109.06 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 96.25 million shares. There was a rise of 11.75%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.75% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.74.
The most recent change occurred on December 08, 2023 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $115.
