Exxon Mobil (NYSE:XOM) Trading Down 2.5% Following Insider Selling

Exxon Mobil Corporation (NYSE:XOM) traded down 2.5% during trading on Tuesday following insider selling activity. The stock traded as low as $114.61 and last traded at $114.7680. 17,609,149 shares traded hands during trading, an increase of 9% from the average session volume of 16,087,596 shares. The stock had previously closed at $117.76.

Specifically, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $118.75, for a total value of $356,250.00. Following the sale, the vice president owned 31,584 shares in the company, valued at $3,750,600. This trade represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XOM shares. Bank of America decreased their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. Citigroup lifted their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Mizuho increased their price objective on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Trading Down 2.5%

The stock has a market cap of $484.00 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 7.48 and a beta of 0.38. The company’s 50-day moving average price is $115.67 and its 200 day moving average price is $112.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $57.55 billion during the quarter. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

Institutional Trading of Exxon Mobil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Linscomb Wealth Inc. boosted its stake in shares of Exxon Mobil by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after acquiring an additional 5,527 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after purchasing an additional 131,600 shares during the last quarter. Capital Counsel LLC NY boosted its position in Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after purchasing an additional 460 shares in the last quarter. OneAscent Wealth Management LLC grew its holdings in Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Wealth Management Associates Inc. increased its position in shares of Exxon Mobil by 2.7% in the first quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock valued at $3,147,000 after buying an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.