Insider Selling: Exxon Mobil Corp. VP Sells 7,662 Shares of Stock (XOM)
Exxon Mobil Corp. (NYSE:XOM) VP S Jack Balagia sold 7,662 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $88.75, for a total transaction of $680,002.50. Following the transaction, the vice president now directly owns 133,150 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
XOM has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note to investors on Friday, September 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note to investors on Tuesday, August 27th. They now have a $91.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Exxon Mobil Corp. presently has a consensus rating of “Hold” and an average target price of $95.86.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.31% during mid-day trading on Monday, hitting $88.67. The stock had a trading volume of 9,438,857 shares. Exxon Mobil Corp. has a 52-week low of $84.70 and a 52-week high of $95.49. The stock has a 50-day moving average of $89.10 and a 200-day moving average of $90.10. The company has a market cap of $390.3 billion and a price-to-earnings ratio of 11.12.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by $0.35. The company had revenue of $106.50 billion for the quarter, compared to the consensus estimate of $105.54 million. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. Analysts expect that Exxon Mobil Corp. will post $7.60 EPS for the current fiscal year.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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