Exxon Mobil Co. (NYSE:XOM) VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total value of $2,203,910.62. Following the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NYSE:XOM traded down $0.30 on Friday, hitting $69.37. The company’s stock had a trading volume of 11,684,618 shares, compared to its average volume of 11,492,848. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $83.49. The company has a market capitalization of $286.95 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 2.55 and a beta of 0.97. The stock’s 50-day moving average is $69.07 and its two-hundred day moving average is $72.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The business had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 2.65 earnings per share for the current fiscal year.
A number of brokerages recently commented on XOM. Morgan Stanley lowered their price objective on Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $72.00 to $70.00 in a research note on Tuesday, August 6th. Bank of America restated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Friday, September 27th. Goldman Sachs Group reissued a “neutral” rating and issued a $74.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Finally, Jefferies Financial Group reissued a “neutral” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.76.
Several institutional investors have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC lifted its holdings in shares of Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 183 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth about $26,000. Candriam Luxembourg S.C.A. lifted its stake in Exxon Mobil by 48.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 164,241 shares in the last quarter. Asset Planning Services Ltd. lifted its stake in Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Finally, Marquette Asset Management LLC lifted its stake in Exxon Mobil by 35.0% in the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 54.19% of the company’s stock.
About Exxon Mobil
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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