What's Prompting the Sell-off of XOM Shares?

Exxon Mobil stock is trading -10.18% below its average target price of $122.13 after dropping -1.2% during today's morning session. Analysts are giving the large-cap Oil & Gas Drilling company an average rating of buy and target prices ranging from $100.0 to $146.0 per share.

Exxon Mobil's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.8%. The stock's short ratio is 1.94. At 0.06%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.

Another number to watch is the company's rate of institutional share ownership, which now stands at 60.7%. In conclusion, we believe there is mixed market sentiment regarding Exxon Mobil.

Institutions Invested in Exxon Mobil

Date Reported Holder Percentage Shares Value
2023-06-30 Vanguard Group Inc 10% 388,243,477 $42,588,368,091
2023-06-30 Blackrock Inc. 7% 271,990,742 $29,836,024,360
2023-03-31 State Street Corporation 5% 216,174,104 $23,713,218,272
2023-06-30 FMR, LLC 4% 141,037,152 $15,471,070,345
2023-06-30 Geode Capital Management, LLC 2% 74,126,090 $8,131,261,419
2023-06-30 JP Morgan Chase & Company 1% 55,970,350 $6,139,667,526
2023-03-31 Bank of America Corporation 1% 53,875,034 $5,909,821,838
2023-03-31 Morgan Stanley 1% 51,138,195 $5,609,604,284
2023-03-31 Price (T.Rowe) Associates Inc 1% 47,592,122 $5,220,617,808
2023-06-30 Bank Of New York Mellon Corporation 1% 47,531,093 $5,213,923,232
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.