Exxon Mobil Corp. (XOM) VP Neil A. Chapman Sells 16,000 Shares
Exxon Mobil Corp. (NYSE:XOM) VP Neil A. Chapman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total value of $1,392,000.00. Following the transaction, the vice president now directly owns 222,299 shares of the company’s stock, valued at $19,340,013. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.295% during trading on Thursday, reaching $85.497. The company’s stock had a trading volume of 3,471,600 shares. The firm has a market cap of $354.53 billion, a PE ratio of 40.027 and a beta of 0.86. The company has a 50-day moving average of $86.20 and a 200 day moving average of $88.47. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The business earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s revenue was down 12.9% on a year-over-year basis. Analysts expect that Exxon Mobil Corp. will post $2.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a yield of 3.50%. Exxon Mobil Corp.’s payout ratio is 140.19%.
Several analysts have issued reports on XOM shares. Vetr lowered Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price objective on the stock. in a research note on Wednesday, September 28th. Societe Generale set a $105.00 price objective on Exxon Mobil Corp. and gave the company a “buy” rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 price objective on Exxon Mobil Corp. and gave the company a “buy” rating in a research note on Monday, August 1st. Barclays PLC restated an “equal weight” rating and issued a $102.00 price objective on shares of Exxon Mobil Corp. in a research note on Thursday, July 28th. Finally, Morningstar Inc. reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Wednesday, August 24th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $87.34.
A number of hedge funds have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. raised its stake in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock worth $104,000 after buying an additional 691 shares in the last quarter. Equitec Proprietary Markets LLC purchased a new stake in Exxon Mobil Corp. during the third quarter worth $107,000. Tuttle Tactical Management LLC purchased a new stake in Exxon Mobil Corp. during the second quarter worth $125,000. Horan Securities Inc. purchased a new stake in Exxon Mobil Corp. during the third quarter worth $137,000. Finally, NewSquare Capital LLC raised its stake in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 50.34% of the company’s stock.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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