Exxon Mobil Corporation (XOM) Stock Faces Lower Risks Forward After Forming Wedge Up

June 14, 2018 - By Winifred Garcia

Exxon Mobil Corporation (NYSE:XOM) Logo

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.03, from 0.84 in 2017Q4. It dived, as 52 investors sold Exxon Mobil Corporation shares while 836 reduced holdings. 121 funds opened positions while 596 raised stakes. 2.15 billion shares or 0.92% less from 2.17 billion shares in 2017Q4 were reported.
Evermay Wealth Mgmt Ltd Limited Liability Company accumulated 0.62% or 23,981 shares. Thrivent For Lutherans accumulated 0.19% or 741,483 shares. 11,063 were accumulated by Anchor Capital Advisors Ltd Co. Brown Advisory Securities Ltd Liability reported 97,163 shares. Swiss Natl Bank stated it has 1.33% in Exxon Mobil Corporation (NYSE:XOM). Rockland Trust Communications holds 1.69% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 171,347 shares. Centurylink Invest Management Com accumulated 1.66% or 62,023 shares. Greenwood Gearhart invested in 101,582 shares. Westpac Bk Corp reported 0% stake. Barnett & has invested 0.05% in Exxon Mobil Corporation (NYSE:XOM). Moreover, Hl Fincl Service Ltd Liability Corp has 1.79% invested in Exxon Mobil Corporation (NYSE:XOM). D L Carlson Investment Grp Incorporated holds 44,662 shares or 1.05% of its portfolio. Stellar Cap Mngmt Limited Liability Corporation owns 35,169 shares for 1.7% of their portfolio. 153,516 were accumulated by Deroy & Devereaux Private Counsel Inc. Ontario – Canada-based Cibc Asset Mgmt Inc has invested 0.21% in Exxon Mobil Corporation (NYSE:XOM).

The stock of Exxon Mobil Corporation (XOM) formed an up wedge with $89.39 target or 9.00 % above today’s $82.01 share price. The 5 months wedge indicates low risk for the $347.22B company. If the $89.39 price target is reached, the company will be worth $31.25B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.61% or $0.5 during the last trading session, reaching $82.01. About 5.53M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since June 14, 2017 and is downtrending. It has underperformed by 16.29% the S&P500.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on July, 27. They expect $1.19 earnings per share, up 52.56 % or $0.41 from last year’s $0.78 per share. XOM’s profit will be $5.04 billion for 17.23 P/E if the $1.19 EPS becomes a reality. After $1.09 actual earnings per share reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 9.17 % EPS growth.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Among 13 analysts covering Exxon Mobil (NYSE:XOM), 4 have Buy rating, 2 Sell and 7 Hold. Therefore 31% are positive. Exxon Mobil has $100.0 highest and $79 lowest target. $87.20’s average target is 6.33% above currents $82.01 stock price. Exxon Mobil had 19 analyst reports since December 20, 2017 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Monday, February 5 by Jefferies. Cowen & Co maintained Exxon Mobil Corporation (NYSE:XOM) on Friday, January 19 with “Buy” rating. The firm has “Hold” rating by Raymond James given on Monday, April 23. The rating was maintained by Morgan Stanley on Wednesday, January 24 with “Underweight”. The firm has “Hold” rating given on Tuesday, January 23 by Piper Jaffray. The firm has “Market Perform” rating by Wells Fargo given on Thursday, March 8. As per Wednesday, January 10, the company rating was maintained by BMO Capital Markets. The company was maintained on Sunday, April 22 by Piper Jaffray. The firm has “Underweight” rating by Barclays Capital given on Tuesday, February 6. The stock has “Hold” rating by Piper Jaffray on Monday, February 5.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Fool.com which released: “ExxonMobil Is Spending Billions of Dollars to Solve the Permian Basin’s Biggest Problem” on June 13, 2018, also Seekingalpha.com with their article: “Exxon Mobil Raises Dividend 6.5%. Now What?” published on May 25, 2018, Seekingalpha.com published: “Exxon Mobil: Destined To Underperform?” on May 22, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon Mobil Becomes A Political Battleground” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “Chevron: Why I See Further Upside” with publication date: June 14, 2018.

Exxon Mobil Corporation explores for and produces natural gas and crude oil in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. The company has market cap of $347.22 billion. The firm operates through Upstream, Downstream, and Chemical divisions. It has a 17.2 P/E ratio. It also makes petroleum products; makes and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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