Exxon Mobil (NYSE:XOM) VP Darrin Talley Sells 2,158 Shares

Key Points

• Exxon Mobil VP Darrin Talley sold 2,158 shares at an average price of $110.45, totaling approximately $238,351.10, which led to a 13.50% decrease in his stock ownership.
• Exxon Mobil reported a quarterly EPS of $1.64, exceeding analysts' expectations, with revenue of $81.51 billion, despite a 12.4% year-over-year decline.
• The company declared a $0.99 quarterly dividend with an annualized yield of 3.6%, reflecting a payout ratio of 56.25%.

Exxon Mobil Corporation (NYSE:XOM - Get Free Report) VP Darrin Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Exxon Mobil Trading Up 0.2%

Exxon Mobil stock traded up $0.2110 during trading hours on Monday, reaching $111.4910. The company had a trading volume of 4,888,256 shares, compared to its average volume of 16,656,531. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a 50-day moving average price of $110.24 and a 200 day moving average price of $108.88. The firm has a market cap of $475.31 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 2.08 and a beta of 0.53. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.14 EPS. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in XOM. 10Elms LLP bought a new stake in Exxon Mobil in the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP bought a new stake in Exxon Mobil in the first quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. UBS Group boosted their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $125.00.

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.

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