Exxon Mobil Co. (XOM) VP David S. Rosenthal Sells 7,562 Shares of Stock
Exxon Mobil Co. (NYSE:XOM) VP David S. Rosenthal sold 7,562 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total value of $614,336.88. Following the transaction, the vice president now directly owns 258,250 shares in the company, valued at approximately $20,980,230. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:XOM traded up $0.11 during midday trading on Friday, reaching $78.50. 982,673 shares of the company traded hands, compared to its average volume of 12,697,453. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.83. Exxon Mobil Co. has a 12 month low of $72.15 and a 12 month high of $89.30. The firm has a market cap of $336.58 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.20 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to analyst estimates of $72.91 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 4.84 EPS for the current fiscal year.
Several research analysts recently issued reports on XOM shares. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Tuesday, September 4th. Morningstar set a $90.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, September 5th. HSBC reaffirmed a “buy” rating and set a $96.00 target price on shares of Exxon Mobil in a research report on Wednesday, September 12th. Finally, Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Monday, October 1st. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $86.82.
Several large investors have recently added to or reduced their stakes in XOM. Sterling Global Strategies LLC increased its stake in Exxon Mobil by 21.8% in the 1st quarter. Sterling Global Strategies LLC now owns 6,077 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 1,087 shares during the last quarter. Martin Investment Management LLC boosted its holdings in Exxon Mobil by 10.6% during the 1st quarter. Martin Investment Management LLC now owns 131,960 shares of the oil and gas company’s stock valued at $9,846,000 after acquiring an additional 12,606 shares during the period. Covington Investment Advisors Inc. purchased a new stake in Exxon Mobil during the 1st quarter valued at about $1,960,000. Bridgeworth LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at about $440,000. Finally, Franklin Resources Inc. boosted its holdings in Exxon Mobil by 3.0% during the 1st quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock valued at $980,635,000 after acquiring an additional 376,686 shares during the period. Institutional investors own 53.33% 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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