Insider Selling: Exxon Mobil Corporation (XOM) Director Sells 1,100 Shares of Stock

Exxon Mobil Corporation (NYSE:XOM) Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Exxon Mobil Corporation (NYSE XOM) opened at 76.64 on Friday. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The firm has a market cap of $324.73 billion, a P/E ratio of 27.63 and a beta of 0.81. The stock’s 50 day moving average is $79.94 and its 200-day moving average is $81.47.

Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. Analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 4.02%. Exxon Mobil Corporation’s payout ratio is 111.19%.

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A number of equities research analysts have recently commented on XOM shares. Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 target price for the company in a research report on Monday, June 5th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Morgan Stanley set a $81.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, July 11th. UBS AG set a $77.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, April 25th. Finally, Argus reissued a “focus list” rating and issued a $104.00 price objective (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil Corporation currently has an average rating of “Hold” and a consensus target price of $84.94.

A number of institutional investors have recently modified their holdings of the stock. WFG Advisors LP increased its position in shares of Exxon Mobil Corporation by 24.5% in the second quarter. WFG Advisors LP now owns 84,596 shares of the oil and gas company’s stock valued at $6,829,000 after buying an additional 16,648 shares during the last quarter. Toronto Dominion Bank increased its stake in Exxon Mobil Corporation by 32.6% in the second quarter. Toronto Dominion Bank now owns 1,722,432 shares of the oil and gas company’s stock worth $139,036,000 after buying an additional 423,939 shares during the last quarter. Archford Capital Strategies LLC increased its stake in Exxon Mobil Corporation by 48.1% in the second quarter. Archford Capital Strategies LLC now owns 49,037 shares of the oil and gas company’s stock worth $1,283,000 after buying an additional 15,924 shares during the last quarter. Family Management Corp increased its stake in Exxon Mobil Corporation by 4.7% in the second quarter. Family Management Corp now owns 61,682 shares of the oil and gas company’s stock worth $4,979,000 after buying an additional 2,794 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Exxon Mobil Corporation by 12.2% in the second quarter. Cetera Investment Advisers now owns 37,189 shares of the oil and gas company’s stock worth $2,997,000 after buying an additional 4,033 shares during the last quarter. Hedge funds and other institutional investors own 50.77% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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