James M. Spellings, Jr. Sells 9,379 Shares of Exxon Mobil Corporation (XOM) Stock
Exxon Mobil Corporation (NYSE:XOM) insider James M. Spellings, Jr. sold 9,379 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Exxon Mobil Corporation (NYSE:XOM) traded down $0.68 during trading hours on Wednesday, reaching $82.89. The company had a trading volume of 9,357,101 shares, compared to its average volume of 10,957,676. The firm has a market capitalization of $354,094.94, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same period in the prior year, the firm posted $0.63 EPS. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.
XOM has been the subject of several research analyst reports. Vetr lowered Exxon Mobil from a “buy” rating to a “hold” rating and set a $79.60 price objective for the company. in a report on Wednesday, August 9th. J P Morgan Chase & Co restated a “neutral” rating and issued a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil in a report on Friday, August 18th. Barclays set a $94.00 price objective on Exxon Mobil and gave the company a “buy” rating in a report on Monday, August 21st. Independent Research set a $84.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, August 21st. Finally, UBS restated an “underweight” rating on shares of Exxon Mobil in a report on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $86.14.
A number of hedge funds have recently modified their holdings of the business. CNA Financial Corp increased its holdings in shares of Exxon Mobil by 23.1% during the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after acquiring an additional 3,725 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at about $754,000. Doyle Wealth Management increased its holdings in shares of Exxon Mobil by 2.7% during the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after acquiring an additional 6,921 shares during the last quarter. Shell Asset Management Co. increased its holdings in shares of Exxon Mobil by 1.6% during the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock valued at $65,262,000 after acquiring an additional 12,362 shares during the last quarter. Finally, Holderness Investments Co. increased its holdings in shares of Exxon Mobil by 48.1% during the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after acquiring an additional 15,687 shares during the last quarter. 51.18% of the stock is currently owned by institutional investors.
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Exxon Mobil 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.
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