Investors Sell Exxon Mobil (XOM) on Strength on Insider Selling
Investors sold shares of Exxon Mobil Corporation (NYSE:XOM) on strength during trading hours on Wednesday following insider selling activity. $105.44 million flowed into the stock on the tick-up and $236.89 million flowed out of the stock on the tick-down, for a money net flow of $131.45 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 $0.36 for the day and closed at $83.12Specifically, insider James M. Spellings, Jr. sold 9,379 shares of the 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 transaction, the insider now owns 220,000 shares in the company, valued at approximately $18,341,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the transaction, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. Insiders have sold a total of 62,013 shares of company stock worth $5,084,352 in the last quarter. Company insiders own 0.08% of the company’s stock.
A number of research analysts recently commented on XOM shares. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price target on the stock in a research report on Thursday, August 17th. J P Morgan Chase & Co restated a “neutral” rating and issued a $80.00 price target (down previously from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Barclays set a $94.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, August 21st. Independent Research set a $84.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, August 21st. Finally, UBS restated an “underweight” rating on shares of Exxon Mobil in a research report on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $86.32.
The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $350,684.06, a PE ratio of 23.25, a PEG ratio of 1.73 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same period last year, the firm posted $0.63 earnings per share. sell-side analysts expect that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s payout ratio is 100.33%.
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Exxon Mobil by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares during the period. Capital Research Global Investors lifted its stake in shares of Exxon Mobil by 7.0% in the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after acquiring an additional 2,058,060 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Exxon Mobil by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after acquiring an additional 1,595,027 shares during the period. Legal & General Group Plc lifted its stake in shares of Exxon Mobil by 1.6% in the third quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after acquiring an additional 360,596 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Exxon Mobil by 4.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 21,402,313 shares of the oil and gas company’s stock worth $1,754,562,000 after acquiring an additional 878,857 shares during the period. 51.18% of the stock is currently owned by hedge funds and other institutional investors.
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About Exxon Mobil
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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