Insider Selling: Exxon Mobil Corporation (XOM) VP Sells $406,595.49 in Stock
Exxon Mobil Corporation (NYSE:XOM) VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at $82.28 on Thursday. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The company has a market cap of $351,213.72, a price-to-earnings ratio of 23.28, a P/E/G ratio of 1.73 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. The business had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter last year, the business earned $0.63 earnings per share. equities analysts expect that Exxon Mobil Corporation will post 3.65 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in XOM. Shelton Capital Management lifted its holdings in Exxon Mobil by 4.8% in the 3rd quarter. Shelton Capital Management now owns 217,251 shares of the oil and gas company’s stock valued at $17,810,000 after purchasing an additional 9,975 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Exxon Mobil by 205.2% in the third quarter. Chicago Partners Investment Group LLC now owns 23,178 shares of the oil and gas company’s stock valued at $1,900,000 after acquiring an additional 15,584 shares in the last quarter. Institutional & Family Asset Management LLC grew its position in Exxon Mobil by 3.7% in the third quarter. Institutional & Family Asset Management LLC now owns 76,307 shares of the oil and gas company’s stock valued at $6,256,000 after acquiring an additional 2,689 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Exxon Mobil in the third quarter valued at approximately $7,687,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Exxon Mobil by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,018,011 shares of the oil and gas company’s stock worth $247,417,000 after buying an additional 12,123 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.
XOM has been the topic of several research analyst reports. TheStreet upgraded Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays set a $94.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, August 21st. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price objective on the stock in a research report on Thursday, August 17th. Societe Generale set a $95.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Cowen reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research note on Tuesday, September 19th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $86.14.
Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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