James M. Spellings, Jr. Sells 9,522 Shares of Exxon Mobil Co. (XOM) Stock

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.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

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.

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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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