Exxon Mobil Corporation (NYSE:XOM) VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.044% during mid-day trading on Tuesday, reaching $80.055. 4,286,718 shares of the company traded hands. The company’s 50-day moving average is $78.37 and its 200-day moving average is $80.79. The stock has a market capitalization of $339.20 billion, a price-to-earnings ratio of 28.859 and a beta of 0.82. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post $3.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were paid a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.85%. Exxon Mobil Corporation’s payout ratio is 111.19%.
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Hedge funds have recently modified their holdings of the stock. Horan Securities Inc. purchased a new stake in Exxon Mobil Corporation in the first quarter worth $102,000. Riggs Asset Managment Co. Inc. grew its stake in shares of Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 292 shares during the last quarter. CWH Capital Management Inc. purchased a new stake in shares of Exxon Mobil Corporation in the second quarter worth $114,000. Watermark Asset Management Inc. purchased a new stake in shares of Exxon Mobil Corporation in the first quarter worth $136,000. Finally, Acrospire Investment Management LLC grew its stake in shares of Exxon Mobil Corporation by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares during the last quarter. 50.74% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the stock. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. UBS AG set a $75.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a report on Thursday, June 8th. Hilliard Lyons assumed coverage on shares of Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price objective for the company. Citigroup Inc. dropped their price objective on shares of Exxon Mobil Corporation from $87.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Finally, Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price objective for the company in a report on Monday, June 5th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and an average price target of $84.65.
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.
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