Finance

Are Investors Buying or Selling Exxon Mobil Corporation (XOM), and What Should You Do?

Recent insider trends for Exxon Mobil Corporation (NYSE:XOM) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. XOM’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 52.33% of Exxon Mobil Corporation (XOM)’s shares. The total value of these holdings, in millions, is $183,791. Among active positions in the latest quarter, 905 holders increased their positions by a total of 68.2 million shares, 1,128 holders decreased the positions by a total of 55.23 million shares, and 242 holders held their positions. This works out to a net increase in ownership of 12.97 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 69 holders initiated new positions by a total of 9.35 million shares and 59 holders exited their positions by a total of 3.04 million shares. This nets out to an increase of 6.31 million shares and is a bullish sign for XOM.

In the last three months, insiders executed a total of 59 trades. 20 of these were buys and 39 were sells. Insider ownership increased by a total of 827233 shares, which suggests that XOM’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 35 buys and 56 sells, and ownership increased by a net of 855170 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Exxon Mobil Corporation (NYSE:XOM)’s short interest is 32.86 million shares, or 0.79% of the float. This represents a decrease of -1% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that XOM is a buy, which implies that XOM is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Exxon Mobil Corporation (NYSE:XOM) is undervalued.

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