Key Points
- VP Darrin Talley sold 3,000 shares of Exxon Mobil on December 15 at an average price of $118.75 for $356,250, leaving him with 31,584 shares (an 8.67% reduction in his position).
- Exxon increased its quarterly dividend to $1.03 per share (annualized $4.12), yielding about 3.5%, up from the prior $0.99 quarterly payout.
- Analysts hold a "Moderate Buy" consensus with a $129.45 average price target, and institutional investors own roughly 61.8% of the stock, including large new stakes such as Norges Bank's ≈$6.16 billion position.
Exxon Mobil Corporation (NYSE:XOM - Get Free Report) VP Darrin Talley sold 3,000 shares of the company's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $118.75, for a total value of $356,250.00. Following the sale, the vice president owned 31,584 shares of the company's stock, valued at approximately $3,750,600. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Exxon Mobil Trading Down 0.9%
NYSE:XOM opened at $117.75 on Tuesday. The company's 50 day moving average is $115.67 and its 200-day moving average is $112.40. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81. The firm has a market cap of $496.55 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 7.48 and a beta of 0.38.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.99. Exxon Mobil's dividend payout ratio is currently 59.88%.
Institutional Trading of Exxon Mobil
Large investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Exxon Mobil during the 2nd quarter valued at about $6,163,719,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $607,621,000. First Trust Advisors LP boosted its holdings in shares of Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company's stock worth $819,560,000 after acquiring an additional 4,563,707 shares in the last quarter. Cerity Partners LLC grew its position in Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company's stock worth $217,162,000 after acquiring an additional 4,015,099 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company's stock valued at $333,652,000 after purchasing an additional 3,066,736 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
XOM has been the subject of a number of research analyst reports. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday. Weiss Ratings restated a "hold (c+)" rating on shares of Exxon Mobil in a report on Monday, December 8th. BNP Paribas Exane upgraded shares of Exxon Mobil from an "underperform" rating to a "neutral" rating and set a $114.00 target price for the company in a research note on Monday, December 8th. Finally, Cowen reissued a "buy" rating on shares of Exxon Mobil in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $129.45.
Read Our Latest Stock Report on Exxon Mobil
About Exxon Mobil
(
Get Free Report)
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
Further Reading
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