Exxon Mobil (NYSE:XOM) Stock Price Down 2.5% on Insider Selling

Shares of Exxon Mobil Corporation (NYSE:XOM) fell 2.5% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $114.61 and last traded at $114.7680. 17,609,149 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 16,087,596 shares. The stock had previously closed at $117.76.

Specifically, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $118.75, for a total value of $356,250.00. Following the completion of the sale, the vice president owned 31,584 shares in the company, valued at $3,750,600. This represents a 8.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Analyst Ratings Changes

Several research analysts recently weighed in on XOM shares. Melius Research began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday. Finally, Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.45.

Exxon Mobil Price Performance

The business’s fifty day moving average price is $115.68 and its 200-day moving average price is $112.48. The company has a market capitalization of $484.00 billion, a P/E ratio of 16.68, a P/E/G ratio of 7.42 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $57.55 billion for the quarter. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is 59.88%.

Institutional Trading of Exxon Mobil

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Linscomb Wealth Inc. lifted its position in Exxon Mobil by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after acquiring an additional 5,527 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Exxon Mobil by 52.3% in the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after purchasing an additional 131,600 shares during the last quarter. Capital Counsel LLC NY lifted its holdings in shares of Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after purchasing an additional 460 shares during the period. OneAscent Wealth Management LLC boosted its position in Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 4,123 shares during the last quarter. Finally, Wealth Management Associates Inc. increased its holdings in Exxon Mobil by 2.7% in the 1st quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock worth $3,147,000 after buying an additional 691 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.