Investors Sell Shares of Exxon Mobil (XOM) on Strength After Insider Selling

Investors sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading hours on Thursday following insider selling activity. $89.05 million flowed into the stock on the tick-up and $311.90 million flowed out of the stock on the tick-down, for a money net flow of $222.85 million out of the stock. Of all equities tracked, Exxon Mobil had the 0th highest net out-flow for the day. Exxon Mobil traded up $0.27 for the day and closed at $82.55Specifically, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at $18,341,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,513 shares of company stock valued at $3,465,657. 0.08% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on the stock. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price target for the company in a research report on Thursday. UBS set a $83.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday. BNP Paribas set a $70.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Monday, September 25th. Morgan Stanley set a $85.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, Cowen reiterated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a report on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $86.14.

The company has a market capitalization of $349,650.00, a P/E ratio of 23.28, a PEG ratio of 1.73 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the prior year, the business posted $0.63 EPS. sell-side analysts expect that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.73%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.

Institutional investors have recently modified their holdings of the company. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $114,000. Horan Securities Inc. grew its position in shares of Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares during the last quarter. Litman Gregory Asset Management LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $131,000. Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $136,000. Finally, Acrospire Investment Management LLC grew its position in shares of Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

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Exxon Mobil 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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