Key Points
- VP Darrin Talley sold 3,000 shares on Dec. 17 at an average price of $117.19 for $351,570, leaving him with 28,584 shares — a 9.5% reduction in his stake.
- Exxon raised its quarterly dividend to $1.03 (annualized $4.12), producing a 3.5% yield and a payout ratio around 59.9% versus the prior $0.99 quarterly payment.
- Wall Street consensus is a "Moderate Buy" with an average price target of $129.45; XOM trades near $116.55 and has a one-year range of $97.80–$120.81.
Exxon Mobil Corporation (NYSE:XOM - Get Free Report) VP Darrin Talley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares of the company's stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Exxon Mobil Stock Performance
XOM opened at $116.55 on Friday. The business has a 50 day moving average price of $115.82 and a two-hundred day moving average price of $112.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The company has a market capitalization of $491.51 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 7.41 and a beta of 0.38. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81.
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 EPS for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend 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%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on XOM shares. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 11th. Piper Sandler raised their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an "overweight" rating in a report on Monday, November 10th. Cowen reaffirmed a "buy" rating on shares of Exxon Mobil in a report on Friday, December 12th. BNP Paribas upgraded Exxon Mobil from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Finally, Barclays reduced their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.45.
Check Out Our Latest Report on Exxon Mobil
Institutional Trading of Exxon Mobil
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company's stock valued at $46,468,147,000 after buying an additional 1,111,231 shares during the period. Geode Capital Management LLC grew its stake in Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company's stock valued at $10,345,132,000 after acquiring an additional 342,967 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil during the 2nd quarter valued at about $6,163,719,000. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company's stock valued at $5,023,298,000 after purchasing an additional 1,274,860 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Exxon Mobil by 1.0% in the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock worth $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
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.
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