Exxon Mobil (NYSE:XOM) VP Sells $351,570.00 in Stock

Exxon Mobil Corporation (NYSE:XOMGet Free Report) VP Darrin Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Exxon Mobil Stock Performance

XOM opened at $116.56 on Friday. The company has a market cap of $491.57 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 7.36 and a beta of 0.38. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $115.93 and its 200-day moving average price is $112.70. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 59.88%.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. Bank of America lowered their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 15th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Morgan Stanley increased their price target on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group boosted their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.45.

View Our Latest Stock Report on Exxon Mobil

Hedge Funds Weigh In On Exxon Mobil

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after buying an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC grew its stake in Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after acquiring an additional 342,967 shares in the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $6,163,719,000. Bank of New York Mellon Corp lifted its stake in Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after purchasing an additional 1,274,860 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

(Get Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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