Exxon Mobil Co. (NYSE:XOM) VP Neil A. Hansen sold 2,798 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $76.81, for a total value of $214,914.38. Following the completion of the transaction, the vice president now directly owns 32,800 shares in the company, valued at approximately $2,519,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of XOM stock opened at $75.58 on Friday. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30. The firm has a market cap of $320.27 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.13 and a beta of 0.84. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. The company had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. Exxon Mobil’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 4.76 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Kwmg LLC purchased a new stake in Exxon Mobil during the second quarter worth $102,000. WESPAC Advisors SoCal LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at $110,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at $122,000. Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at $149,000. Finally, Mainstay Capital Management LLC ADV lifted its position in shares of Exxon Mobil by 112.7% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 53.30% of the company’s stock.
A number of research firms have recently issued reports on XOM. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Thursday, October 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $81.00 target price on shares of Exxon Mobil in a report on Monday, November 19th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $93.00 target price on shares of Exxon Mobil in a report on Monday, December 10th. Raymond James reaffirmed a “sell” rating on shares of Exxon Mobil in a report on Tuesday, December 11th. Finally, Societe Generale set a $92.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, September 26th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average target price of $86.63.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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