Analyzing Market Sentiment Impact on XOM's Price Surge

Exxon Mobil stock is trading -15.11% below its average target price of $132.1 after marking a 2.5% during today's afternoon session. Analysts are giving the Large-Cap Oil & Gas Drilling company an average rating of buy and target prices ranging from $114.0 to $152.0 per share.

The stock has a very low short interest at 0.9%, and a short ratio of 1.95. At 0.04%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 56.5% of Exxon Mobil's shares being owned by this investor type.

Institutions Invested in Exxon Mobil

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 10% 383,938,545 $43,052,949,563
2024-03-31 Blackrock Inc. 7% 272,708,380 $30,580,154,773
2024-03-31 State Street Corporation 5% 210,478,888 $23,602,050,555
2024-03-31 FMR, LLC 4% 142,656,476 $15,996,784,241
2024-03-31 JP Morgan Chase & Company 2% 80,091,221 $8,981,029,237
2024-03-31 Geode Capital Management, LLC 2% 78,856,621 $8,842,587,364
2024-03-31 Bank of America Corporation 2% 65,813,052 $7,379,946,726
2024-03-31 Morgan Stanley 1% 57,438,206 $6,440,833,352
2023-12-31 Norges Bank Investment Management 1% 55,208,568 $6,190,812,890
2024-03-31 Price (T.Rowe) Associates Inc 1% 45,161,783 $5,064,216,633

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Exxon Mobil.

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.