Traders Buy Exxon Mobil (XOM) on Weakness on Insider Selling

Traders bought shares of Exxon Mobil Corporation (NYSE:XOM) on weakness during trading hours on Tuesday following insider selling activity. $210.02 million flowed into the stock on the tick-up and $133.23 million flowed out of the stock on the tick-down, for a money net flow of $76.79 million into the stock. Of all stocks tracked, Exxon Mobil had the 21st highest net in-flow for the day. Exxon Mobil traded down ($0.53) for the day and closed at $82.89Specifically, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares in the company, valued at approximately $15,750,555.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders have sold a total of 33,134 shares of company stock valued at $2,683,730 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

XOM has been the subject of several research analyst reports. TheStreet upgraded Exxon Mobil from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Barclays set a $94.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, August 21st. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price objective for the company in a research report on Thursday, August 17th. Societe Generale set a $95.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, September 18th. Finally, Cowen reiterated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $86.14.

The company has a market capitalization of $353,628.84, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter in the previous year, the company posted $0.63 earnings per share. equities analysts predict that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.72%. Exxon Mobil’s payout ratio is currently 100.33%.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Exxon Mobil by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after purchasing an additional 10,366,636 shares during the period. State Street Corp grew its stake in shares of Exxon Mobil by 7.9% during the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after purchasing an additional 15,740,895 shares during the period. Capital Research Global Investors grew its stake in shares of Exxon Mobil by 7.0% during the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after purchasing an additional 2,058,060 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Exxon Mobil by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after purchasing an additional 1,595,027 shares during the period. Finally, Legal & General Group Plc grew its stake in Exxon Mobil by 1.6% in the third quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock valued at $1,930,784,000 after acquiring an additional 360,596 shares during the period. Institutional investors own 51.18% of the company’s stock.

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About Exxon Mobil

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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