Exxon Mobil Co. (NYSE:XOM) VP Darrin L. Talley Sells 2,500 Shares

Exxon Mobil Co. (NYSE:XOMGet Rating) VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of XOM traded up $0.63 on Friday, reaching $97.27. The company’s stock had a trading volume of 746,243 shares, compared to its average volume of 31,531,672. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The stock has a market capitalization of $409.75 billion, a P/E ratio of 16.03, a PEG ratio of 0.44 and a beta of 1.06. The stock’s 50 day simple moving average is $86.76 and its two-hundred day simple moving average is $76.25. Exxon Mobil Co. has a 12-month low of $52.10 and a 12-month high of $97.43.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion during the quarter, compared to analysts’ expectations of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The business’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Analysts expect that Exxon Mobil Co. will post 10.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

Exxon Mobil declared that its board has initiated a share repurchase program on Tuesday, February 1st that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Keudell Morrison Wealth Management raised its stake in Exxon Mobil by 1.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 41,652 shares of the oil and gas company’s stock worth $2,450,000 after acquiring an additional 592 shares during the period. Center for Financial Planning Inc. raised its stake in Exxon Mobil by 1.5% during the 3rd quarter. Center for Financial Planning Inc. now owns 12,384 shares of the oil and gas company’s stock worth $728,000 after acquiring an additional 180 shares during the period. New World Advisors LLC raised its stake in Exxon Mobil by 4.8% during the 3rd quarter. New World Advisors LLC now owns 10,222 shares of the oil and gas company’s stock worth $645,000 after acquiring an additional 468 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $2,059,000. Finally, Rockefeller Capital Management L.P. raised its stake in Exxon Mobil by 2.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 846,901 shares of the oil and gas company’s stock worth $49,813,000 after acquiring an additional 18,511 shares during the period. 54.07% of the stock is currently owned by institutional investors.

Several research analysts have commented on XOM shares. Truist Financial upped their price objective on shares of Exxon Mobil from $75.00 to $84.00 in a report on Thursday, April 21st. JPMorgan Chase & Co. set a $100.00 price objective on shares of Exxon Mobil in a report on Tuesday, March 29th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Citigroup upped their price objective on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Finally, Credit Suisse Group upped their price objective on shares of Exxon Mobil from $95.00 to $102.00 in a report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.19.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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