Exxon Mobil Co. (NYSE:XOM) insider James M. Spellings, Jr. sold 9,522 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $78.41, for a total transaction of $746,620.02. Following the completion of the transaction, the insider now directly owns 249,122 shares in the company, valued at $19,533,656.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NYSE XOM opened at $79.50 on Monday. The stock has a market cap of $336.88 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Exxon Mobil Co. has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 4.71 earnings per share for the current fiscal year.
XOM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Monday, October 1st. BNP Paribas set a $85.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, October 17th. HSBC reissued a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a report on Wednesday, September 12th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Wolfe Research raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and an average price target of $86.82.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Research & Management Inc. increased its position in shares of Exxon Mobil by 8.9% during the first quarter. Boston Research & Management Inc. now owns 52,606 shares of the oil and gas company’s stock valued at $3,924,000 after buying an additional 4,280 shares during the period. Fairfield Bush & CO. increased its position in shares of Exxon Mobil by 4.0% in the first quarter. Fairfield Bush & CO. now owns 30,304 shares of the oil and gas company’s stock worth $2,261,000 after purchasing an additional 1,170 shares during the last quarter. Cigna Investments Inc. New increased its position in shares of Exxon Mobil by 13.2% in the first quarter. Cigna Investments Inc. New now owns 203,837 shares of the oil and gas company’s stock worth $15,207,000 after purchasing an additional 23,775 shares during the last quarter. BTC Capital Management Inc. increased its position in shares of Exxon Mobil by 34.6% in the first quarter. BTC Capital Management Inc. now owns 69,408 shares of the oil and gas company’s stock worth $5,177,000 after purchasing an additional 17,857 shares during the last quarter. Finally, Lee Financial Co increased its position in shares of Exxon Mobil by 31.5% in the first quarter. Lee Financial Co now owns 25,147 shares of the oil and gas company’s stock worth $1,877,000 after purchasing an additional 6,022 shares during the last quarter. 52.39% of the stock is currently owned by institutional investors and hedge funds.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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