Insider Selling: Exxon Mobil Corporation (XOM) Director Sells 1,100 Shares of Stock

Exxon Mobil Corporation (NYSE:XOM) Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Exxon Mobil Corporation (NYSE XOM) traded up 0.50% during midday trading on Friday, hitting $76.64. The stock had a trading volume of 14,324,342 shares. The stock has a market capitalization of $324.73 billion, a PE ratio of 27.63 and a beta of 0.81. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The stock’s 50-day moving average is $79.94 and its 200-day moving average is $81.47.

Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 4.02%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.

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XOM has been the subject of a number of analyst reports. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Wolfe Research lowered shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $83.00 target price on shares of Exxon Mobil Corporation in a research note on Tuesday, May 30th. Zacks Investment Research downgraded shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. Finally, BMO Capital Markets upped their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 21st. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.94.

A number of hedge funds have recently bought and sold shares of XOM. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. purchased a new position in Exxon Mobil Corporation during the first quarter valued at about $102,000. Riggs Asset Managment Co. Inc. increased its position in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the last quarter. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil Corporation during the second quarter valued at $114,000. Finally, Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter valued at $136,000. Institutional investors own 50.77% of the company’s stock.

About Exxon Mobil Corporation

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.

Insider Buying and Selling by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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