Key Points
- Insider sale: VP Darrin Talley sold 2,150 shares at an average price of $157.82 for about $339,313, reducing his stake by 10.56% to 18,204 shares, as disclosed in an SEC filing.
- Quarterly dividend: Exxon declared a $1.03 quarterly dividend ($4.12 annualized) implying a 2.7% yield, with an ex-dividend date of Feb. 12 and payment on Mar. 10.
- Earnings beat: Exxon reported $1.71 EPS versus $1.63 expected and $80.04 billion in revenue, while analysts forecast roughly 7.43 EPS for the year and the consensus price target sits near $143.41.
Exxon Mobil Corporation (NYSE:XOM - Get Free Report) VP Darrin Talley sold 2,150 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the completion of the sale, the vice president owned 18,204 shares of the company's stock, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Exxon Mobil Stock Performance
Exxon Mobil stock opened at $151.65 on Wednesday. The company has a market cap of $631.89 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 16.00 and a beta of 0.35. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $159.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The stock's 50-day moving average is $137.00 and its 200-day moving average is $122.42.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share 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 firm had revenue of $80.04 billion during the quarter, compared to analysts' expectations of $77.98 billion. During the same period in the prior year, the company earned $1.67 EPS. The firm's revenue was down 1.3% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently announced 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil's dividend payout ratio is 61.58%.
Key Headlines Impacting Exxon Mobil
Here are the key news stories impacting Exxon Mobil this week:
Analysts Set New Price Targets
XOM has been the topic of a number of recent research reports. BMO Capital Markets restated a "market perform" rating and issued a $155.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 4th. Morgan Stanley lowered their price target on Exxon Mobil from $137.00 to $134.00 and set an "overweight" rating on the stock in a report on Friday, January 23rd. Zacks Research raised Exxon Mobil from a "strong sell" rating to a "hold" rating in a report on Friday, January 30th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, January 16th. Finally, Loop Capital set a $123.00 target price on Exxon Mobil in a report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and a consensus price target of $143.41.
View Our Latest Research Report on XOM
Institutional Investors Weigh In On Exxon Mobil
Hedge funds and other institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System lifted its position in Exxon Mobil by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company's stock valued at $24,342,000 after acquiring an additional 5,573 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Exxon Mobil by 3.3% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company's stock worth $34,576,000 after purchasing an additional 9,831 shares in the last quarter. Capital Counsel LLC NY raised its stake in shares of Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company's stock valued at $5,356,000 after purchasing an additional 460 shares during the period. HORAN Wealth LLC boosted its position in shares of Exxon Mobil by 78.3% during the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company's stock worth $1,486,000 after buying an additional 5,788 shares during the period. Finally, Krilogy Financial LLC grew its holdings in shares of Exxon Mobil by 46.6% during the third quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company's stock worth $3,997,000 after buying an additional 11,177 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
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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