Exxon Mobil Corporation (XOM) : Investors lapped up stocks on upticks to the tune of $71.37 million in the Fridays trading session. The trading value on downticks was comparatively at $66.11 million and the uptick to downtick ratio of 1.08 indicates continuous buying by the bulls. The net money flow into the stock was $5.26 million. The block trades were dominated by the bulls with a healthy 10.43, uptick to downtick ratio. Only $1.26 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $13.14 clearly indicating buying by large investors. The total money flow for block trades stood at $11.88 million, which is a positive for the stock in the long-term. Exxon Mobil Corporation (XOM) fell $0.02 during the day at $93.83, a drop of -0.02% over the previous days close. However, for the week, the stock is -1.35%, compared to the previous week.
Exxon Mobil Corporation (XOM) : 10 investment research analysts covering Exxon Mobil Corporation (XOM) have an average price target of $93.1 for the near short term. The highest target price given by the Brokerage Firm to the stock is $102 and the lowest target is $75 for the short term. Analysts expect the variance to be within $8.25 of the average price.
Exxon Mobil Corporation (NYSE:XOM): stock turned positive on Friday. Though the stock opened at $94.11, the bulls momentum made the stock top out at $94.294 level for the day. The stock recorded a low of $93.72 and closed the trading day at $94.01, in the green by 0.17%. The total traded volume for the day was 7,139,681. The stock had closed at $93.85 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Corson Bradley W, officer (Vice President) of Exxon Mobil Corp, had unloaded 6,000 shares at an average price of $90.81 in a transaction dated on June 7, 2016. The total value of the transaction was worth $544,860.
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.