Key Points
- Exxon VP Darrin Talley sold 3,230 shares on Feb. 9 at an average price of $149.18 for a total of $481,851, reducing his ownership by 13.7% to 20,354 shares, as disclosed in an SEC Form 4.
- Exxon beat quarterly estimates, reporting EPS of $1.71 versus the $1.63 consensus and revenue of $82.31 billion, with a net margin of 8.68%; analysts forecast full-year EPS of about 7.43.
- Declared quarterly dividend of $1.03 (annualized $4.12), payable March 10, implying a yield of roughly 2.7% and a dividend payout ratio near 61.6%.
Exxon Mobil Corporation (NYSE:XOM - Get Free Report) VP Darrin Talley sold 3,230 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the sale, the vice president owned 20,354 shares of the company's stock, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Exxon Mobil Stock Up 1.5%
XOM stock opened at $151.22 on Tuesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $151.55. The company has a market cap of $637.72 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 15.49 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The business's 50-day moving average is $126.47 and its two-hundred day moving average is $117.70.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The firm's revenue was down 1.3% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Exxon Mobil's dividend payout ratio (DPR) is 61.58%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on XOM shares. Loop Capital set a $123.00 target price on Exxon Mobil in a research report on Tuesday, February 3rd. Royal Bank Of Canada upped their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a "sector perform" rating in a research report on Monday, February 2nd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, January 16th. UBS Group reissued a "buy" rating and issued a $171.00 price objective on shares of Exxon Mobil in a research report on Monday, February 2nd. Finally, TD Cowen increased their target price on Exxon Mobil from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $140.59.
Read Our Latest Research Report on Exxon Mobil
Institutional Investors Weigh In On Exxon Mobil
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Exxon Mobil by 0.3% in 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 acquiring an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC lifted its position in Exxon Mobil by 0.4% during the second 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 purchasing an additional 342,967 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at about $6,163,719,000. Bank of New York Mellon Corp lifted its holdings in Exxon Mobil by 2.8% in the second 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 acquiring an additional 1,274,860 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Exxon Mobil by 1.0% in the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock valued at $4,963,934,000 after purchasing an additional 445,283 shares during the period. Institutional investors own 61.80% of the company's stock.
Key Stories Impacting Exxon Mobil
Here are the key news stories impacting Exxon Mobil this week:
Exxon Mobil Company Profile
(
Get Free Report)
Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
Further Reading
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