Darrin L. Talley Sells 2,426 Shares of Exxon Mobil Co. (NYSE:XOM) Stock

Exxon Mobil Co. (NYSE:XOM) VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Exxon Mobil Price Performance

XOM stock opened at $116.03 on Thursday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock’s fifty day simple moving average is $114.18 and its 200-day simple moving average is $106.86. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $459.28 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.14 and a beta of 0.96.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldstein Advisors LLC acquired a new position in shares of Exxon Mobil during the third quarter worth about $224,000. SS&H Financial Advisors Inc. acquired a new position in shares of Exxon Mobil during the third quarter worth about $6,403,000. White Lighthouse Investment Management Inc. increased its position in shares of Exxon Mobil by 10.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 3,499 shares of the oil and gas company’s stock worth $411,000 after acquiring an additional 330 shares during the last quarter. UMB Bank n.a. increased its position in shares of Exxon Mobil by 0.5% during the third quarter. UMB Bank n.a. now owns 444,753 shares of the oil and gas company’s stock worth $52,294,000 after acquiring an additional 2,340 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Exxon Mobil by 7.1% during the third quarter. LS Investment Advisors LLC now owns 23,529 shares of the oil and gas company’s stock worth $2,767,000 after acquiring an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday. Mizuho reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $134.06.

About Exxon Mobil

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.