Exxon Mobil Corporation (XOM) Moving Strangely: Should That Worry Traders?

A handful of technical analysis tools are suggesting that Exxon Mobil Corporation (NYSE:XOM) overall gets 56.% Sell rating. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the XOM’s short-term trajectory should know that short terms indicators for the stock averaged 60% Sell with an average daily trading volume over the past 20 days at 14493340 shares. XOM stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 13644400 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 12139242 shares, is 67% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $77.39. Below this, the next support is placed in the zone of $76.4. Till the time, the XOM stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 44.9 on daily chart, which may remain a cause for concern. If the price breaks below $76.4 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $78.91 mark may result into a pull-back move towards $79.44 level.

Exxon Mobil Corporation (XOM) is projected to climb by 13.65 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $115-month high price target. This represents a whopping 46.7 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $87, which represents a return potential of 10.98 percent when compared to the closing price of the stock of $78.39 on Thursday, December 06. The lowest price target for the stock is $70 — slightly more than -10.7 percent from XOM’s current share price.

Here’s a rundown of insider trading activity for sense of Exxon Mobil Corporation (NYSE:XOM). The earliest insider trade took place on 12/04/2018. Rosenthal David S parted with a total of 7.56 thousand shares of company at average share price of $81.24. The total for the sales was set at $614.34 thousand. After this transaction, the Vice President and Controller account balance stood at 288.9 thousand shares. The stock lost -4.53 percent since that insider sale. On 11/30/2018, Wojnar Theodore J Jr, Executive Officer, sold 9.66 thousand shares at a price per share of $78.41. This removed 757.28 thousand shares from the insider’s fortune and the stock saw a -1.08 percent retreat in value since the news became public. This transaction left 228.62 thousand shares in the Executive Officer account. On 11/30/2018, Vice President and Treasurer Schleckser Robert N performed a sale transaction worth $619.84 thousand. This sale at $78.91 each has eliminated 7.86 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -1.71 percent decrease since the transaction was reported. The insider now is left with 220.96 thousand shares remaining in the account. Spellings James M Jr, who performs the Vice Pres. & Gen. Tax Counsel job, sold 9.52 thousand shares for $746.62 thousand. The disposal occurred on 11/30/2018 was priced at $78.41 per share. The share price plunged -1.08 percent since the reporting date. Spellings James M Jr now left with a stake of 251.75 thousand XOM stock worth $19.73 million after the insider selling.

XOM shares dropped -1.04 points or -1.31 percent on Thursday to $78.39 with a heavy trade volume of 21.243 million shares. After opening the session at $78, the shares went as high as $78.44 and as low as $76.92, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $335 billion and now has 4.27 billion shares outstanding. Exxon Mobil Corporation (XOM) stock has lost -3.98 percent of market value in 21 trading days.

Analysts at Raymond James cut their rating on shares of Exxon Mobil Corporation (NYSE:XOM) from Mkt Perform to Underperform in their opinion released on November 20.

XOM stock has a trailing 3-year beta of 0.83, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.05 a share in the trailing twelve months. The stock’s value has fallen -6.28 percent year to date (YTD) against a decline of -5.43 percent in 12 month’s time. The company’s shares still trade -12.22 percent away from its 1-year high of $89.30 and 8.64 percent up from 52-week low of $72.15. The average consensus rating on the company is 2.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Exxon Mobil Corporation (XOM) are trading at a P/E ratio of 19.04 times earnings reported for the past 12 months. The industry XOM operates in has an average P/E of 16.46. Its P/E ratio went as low as 12.17X and as high as 48.09 over the 5-year span. Further, it is sporting a 1.28 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.79. 33.2 percent is the gross profit margin for Exxon Mobil Corporation and operating margin sits at 6.9 percent. Along with this, the net profit margin is 8.9 percent.

XOM will be declaring its Q4 financial results on February 01. Analysts are forecasting revenue to climb 29 percent to $85.8B in the next fiscal quarter, while earnings are seen soaring by nearly 50 percent to $1.32 per share. History has shown that shares in Exxon Mobil Corporation have gone down on 21 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. In last reported earnings results, it earned $1.46 per share, better than the $1.23, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $76.6B, better than the $73.5B analysts expected. Earnings are estimated to increase by 72.4 percent this year, 18.1 percent next year and continue to increase by 23.2 percent annually for the next 5 years.