Exxon Mobil Co. (NYSE:XOM – Get Rating) VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE XOM traded up $0.63 during mid-day trading on Friday, reaching $97.27. 746,243 shares of the company’s stock traded hands, compared to its average volume of 31,531,672. The stock has a market cap of $409.75 billion, a P/E ratio of 16.03, a PEG ratio of 0.44 and a beta of 1.06. The business has a 50-day simple moving average of $86.76 and a 200 day simple moving average of $76.25. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 10.23 earnings per share for the current fiscal year.
Exxon Mobil declared that its board has authorized a share buyback plan on Tuesday, February 1st that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guardian Wealth Management Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $30,000. Horan Securities Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $31,000. West Bancorporation Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $32,000. GW&K Investment Management LLC purchased a new position in Exxon Mobil in the first quarter valued at about $32,000. Finally, Nvwm LLC raised its position in shares of Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.
XOM has been the subject of several analyst reports. Jefferies Financial Group set a $62.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Tuesday, February 1st. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. The Goldman Sachs Group set a $91.00 target price on shares of Exxon Mobil in a research note on Thursday, March 3rd. Finally, Truist Financial lifted their target price on shares of Exxon Mobil from $75.00 to $84.00 in a research note on Thursday, April 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.19.
Exxon Mobil Company Profile (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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