Exxon Mobil Corporation (XOM) VP Sells $1,618,695.00 in Stock

Exxon Mobil Corporation (NYSE:XOM) VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Exxon Mobil Corporation (NYSE:XOM) traded down $0.27 during midday trading on Tuesday, hitting $82.76. The stock had a trading volume of 11,307,030 shares, compared to its average volume of 10,966,152. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market cap of $350,239.19, a P/E ratio of 23.22, a P/E/G ratio of 1.73 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.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the company earned $0.63 EPS. equities analysts expect that Exxon Mobil Corporation will post 3.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a dividend of $0.77 per share. The ex-dividend date was Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.72%. Exxon Mobil’s dividend payout ratio is currently 100.33%.

Several research firms have recently commented on XOM. J P Morgan Chase & Co set a $81.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday. Credit Suisse Group began coverage on shares of Exxon Mobil in a research report on Monday. They set a “neutral” rating and a $83.00 price target for the company. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $92.50 price target for the company in a research report on Thursday, December 7th. UBS set a $83.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $86.18.

Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Stonebridge Capital Management Inc. lifted its position in Exxon Mobil by 4.5% in the first quarter. Stonebridge Capital Management Inc. now owns 108,534 shares of the oil and gas company’s stock worth $8,901,000 after buying an additional 4,648 shares during the last quarter. Hennessy Advisors Inc. lifted its position in Exxon Mobil by 28.0% in the first quarter. Hennessy Advisors Inc. now owns 138,160 shares of the oil and gas company’s stock worth $11,331,000 after buying an additional 30,260 shares during the last quarter. Wedgewood Investors Inc. PA lifted its position in Exxon Mobil by 0.4% in the first quarter. Wedgewood Investors Inc. PA now owns 24,147 shares of the oil and gas company’s stock worth $1,980,000 after buying an additional 100 shares during the last quarter. Robinson Value Management Ltd. lifted its position in Exxon Mobil by 1.2% in the first quarter. Robinson Value Management Ltd. now owns 18,783 shares of the oil and gas company’s stock worth $1,540,000 after buying an additional 231 shares during the last quarter. Finally, Bank of Stockton lifted its position in Exxon Mobil by 2.7% in the first quarter. Bank of Stockton now owns 11,445 shares of the oil and gas company’s stock worth $938,000 after buying an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Exxon Mobil Corporation (XOM) VP Sells $1,618,695.00 in Stock” was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://transcriptdaily.com/2017/12/13/exxon-mobil-corporation-xom-vp-sells-1618695-00-in-stock.html.

About Exxon Mobil

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 (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply