Exxon Mobil Corporation (XOM) VP Neil A. Chapman Sells 12,000 Shares of Stock
Exxon Mobil Corporation (NYSE:XOM) VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Exxon Mobil Corporation (XOM) traded up $0.13 during trading on Friday, hitting $83.03. The company had a trading volume of 26,582,047 shares, compared to its average volume of 9,904,506. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market cap of $351,256.09, a P/E ratio of 23.29, a PEG ratio of 1.74 and a beta of 0.83. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $91.67.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter last year, the company earned $0.63 EPS. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.65 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.
Institutional investors have recently bought and sold shares of the stock. CWH Capital Management Inc. acquired a new stake in Exxon Mobil during the 2nd quarter valued at $114,000. Horan Securities Inc. increased its holdings in 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 purchasing an additional 260 shares in the last quarter. Litman Gregory Asset Management LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at $131,000. Watermark Asset Management Inc. acquired a new stake in Exxon Mobil during the 1st quarter valued at $136,000. Finally, Acrospire Investment Management LLC increased its holdings in 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 purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.
Several brokerages recently weighed in on XOM. J P Morgan Chase & Co restated a “neutral” rating and set a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil in a research note on Friday, August 18th. Cowen restated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research note on Tuesday, September 19th. Zacks Investment Research downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Companies set a $76.00 target price on Exxon Mobil and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Goldman Sachs Group set a $85.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, October 3rd. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $86.32.
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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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