Exxon Mobil Corporation (NYSE:XOM) VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Exxon Mobil Corporation (NYSE XOM) opened at 80.22 on Wednesday. The company has a market cap of $339.90 billion, a P/E ratio of 28.92 and a beta of 0.82. The stock’s 50 day moving average is $78.37 and its 200 day moving average is $80.77. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
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Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Private Asset Management Inc. lifted its stake in shares of Exxon Mobil Corporation by 0.8% during the 1st quarter. Private Asset Management Inc. now owns 202,840 shares of the oil and gas company’s stock worth $16,635,000 after buying an additional 1,616 shares during the last quarter. McQueen Ball & Associates Inc. raised its stake in Exxon Mobil Corporation by 0.9% in the 1st quarter. McQueen Ball & Associates Inc. now owns 22,011 shares of the oil and gas company’s stock worth $1,805,000 after purchasing an additional 198 shares in the last quarter. Rosenbaum Jay D. raised its stake in Exxon Mobil Corporation by 10.6% in the 1st quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after purchasing an additional 1,725 shares in the last quarter. Moreno Evelyn V raised its stake in Exxon Mobil Corporation by 15.3% in the 1st quarter. Moreno Evelyn V now owns 88,625 shares of the oil and gas company’s stock worth $7,268,000 after purchasing an additional 11,735 shares in the last quarter. Finally, Rathbone Brothers plc raised its stake in Exxon Mobil Corporation by 2.4% in the 1st quarter. Rathbone Brothers plc now owns 305,219 shares of the oil and gas company’s stock worth $25,031,000 after purchasing an additional 7,104 shares in the last quarter. Institutional investors own 50.74% of the company’s stock.
A number of equities analysts recently commented on XOM shares. Zacks Investment Research upgraded Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a report on Monday, June 26th. BNP Paribas reaffirmed a “sell” rating and set a $70.00 price target on shares of Exxon Mobil Corporation in a report on Wednesday, July 5th. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 price target on the stock in a report on Wednesday, September 13th. Finally, Morgan Stanley set a $81.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has an average rating of “Hold” and an average price target of $84.65.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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