Exxon Mobil Corporation (NYSE:XOM) Director Steven Reinemund Sells 1,100 Shares
Exxon Mobil Corporation (NYSE:XOM) Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were 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 owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.318% during trading on Tuesday, hitting $79.905. 3,917,034 shares of the stock were exchanged. The stock has a market capitalization of $338.56 billion, a price-to-earnings ratio of 28.857 and a beta of 0.81. The firm has a 50-day moving average of $81.06 and a 200-day moving average of $82.01. Exxon Mobil Corporation has a 52 week low of $78.27 and a 52 week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion during 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 revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Equities research analysts anticipate that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil Corporation’s payout ratio is presently 111.19%.
XOM has been the topic of several analyst reports. UBS AG set a $77.00 price target on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, April 25th. Argus restated a “focus list” rating and set a $104.00 price target (up previously from $91.00) on shares of Exxon Mobil Corporation in a research note on Thursday, May 18th. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Simmons increased their price target on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Finally, Hilliard Lyons initiated coverage on shares of Exxon Mobil Corporation in a research note on Wednesday, June 7th. They set a “term buy” rating and a $90.00 price target on the stock. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus target price of $85.39.
Several large investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth about $101,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter worth about $102,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of 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 worth $110,000 after buying an additional 292 shares during the last quarter. Watermark Asset Management Inc. acquired a new stake in shares of Exxon Mobil Corporation during the first quarter worth about $136,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the last quarter. 50.59% of the stock is owned by institutional investors.
Exxon Mobil Corporation Company Profile
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.
Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.