Exxon Mobil Corporation (XOM) : 10 Wall Street analysts covering Exxon Mobil Corporation (XOM) believe that the average level the stock could reach for the short term is $89.2. The maximum price target given is $96 and the minimum target for short term is around $72, hence the standard deviation is calculated at $7.32.
Exxon Mobil Corporation (XOM) encountered a drop of 1% or -477,116 shares in the short positions. The number dropped from 48,014,375 on June 15,2016 to 47,537,259 on June 30,2016. The final interest is 1.1% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 12,923,522 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Bank of America downgrades its ratings on Exxon Mobil Corporation (NYSE:XOM). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 2, 2016.
Exxon Mobil Corporation (NYSE:XOM): stock turned positive on Thursday. Though the stock opened at $95.05, the bulls momentum made the stock top out at $95.53 level for the day. The stock recorded a low of $94.62 and closed the trading day at $94.95, in the green by 0.07%. The total traded volume for the day was 9,293,450. The stock had closed at $94.88 in the previous days trading.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a variety of specialty products. The Companys projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, the Chirag Oil project, the Tapis Enhanced Oil Recovery project, the Damar project, and the Barzan project, among others. The Company is conducting its operations and projects in the United States, Asia, Africa, Canada/South America, Europe and Australia/Oceania.