Exxon Mobil Co. (NYSE:XOM – Get Free Report) VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Exxon Mobil Trading Down 0.9 %
Shares of XOM stock opened at $103.84 on Friday. The company has a market cap of $411.51 billion, a P/E ratio of 11.68, a PEG ratio of 3.78 and a beta of 0.97. The stock has a 50 day simple moving average of $101.42 and a two-hundred day simple moving average of $106.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.40 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 9.25 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil’s payout ratio is currently 42.74%.Analyst Upgrades and Downgrades
XOM has been the subject of several research reports. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.53.
View Our Latest Stock Analysis on Exxon Mobil
Institutional Investors Weigh In On Exxon Mobil
Hedge funds have recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $27,000. Clarity Asset Management Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $34,000. IMA Wealth Inc. boosted its position in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $43,000. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 58.53% 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.
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2024-02-25 10:23:29Z
CBMieGh0dHBzOi8vd3d3LmFtZXJpY2FuYmFua2luZ25ld3MuY29tLzIwMjQvMDIvMjUvaW5zaWRlci1zZWxsaW5nLWV4eG9uLW1vYmlsLWNvLW55c2V4b20tdnAtc2VsbHMtMjQwMC1zaGFyZXMtb2Ytc3RvY2suaHRtbNIBAA
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