Exxon Mobil (NYSE:XOM) Trading Down 0.1% Following Insider Selling

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) were down 0.1% on Tuesday following insider selling activity. The company traded as low as $118.78 and last traded at $119.55. Approximately 4,246,692 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 18,029,289 shares. The stock had previously closed at $119.64.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an "overweight" rating and a $147.00 price target on the stock. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an "overweight" rating in a research report on Tuesday. Mizuho restated a "neutral" rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a "hold" rating in a report on Tuesday. Finally, Redburn Atlantic raised Exxon Mobil from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $133.56.

Exxon Mobil Stock Performance

The business has a 50 day moving average price of $113.96 and a two-hundred day moving average price of $106.79. 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 company has a market cap of $467.95 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results 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). The firm had revenue of $83.08 billion during the quarter, compared to analysts' expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. Exxon Mobil's payout ratio is presently 46.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XOM. First Pacific Financial purchased a new position in shares of Exxon Mobil during the first quarter valued at about $34,000. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Vima LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth approximately $50,000. Redmont Wealth Advisors LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $88,000. Finally, Orion Capital Management LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $91,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

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.