Exxon Mobil (NYSE:XOM) Stock Price Down 1.3% After Insider Selling

Exxon Mobil Co. (NYSE:XOM)’s share price dropped 1.3% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $116.47 and last traded at $116.77. Approximately 5,408,747 shares were traded during trading, a decline of 70% from the average daily volume of 18,076,512 shares. The stock had previously closed at $118.27.

Specifically, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Truist Financial raised their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.06.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm’s 50 day simple moving average is $114.18 and its 200 day simple moving average is $106.86. The firm has a market capitalization of $459.28 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the firm posted $2.83 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.62 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Large investors have recently made changes to their positions in the company. First Pacific Financial acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $34,000. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $80,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $80,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.