Insider Selling: Exxon Mobil Co. (NYSE:XOM) VP Sells 15,000 Shares of Stock

Exxon Mobil Co. (NYSE:XOM) VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE XOM traded down $0.22 during trading hours on Friday, hitting $81.38. The company’s stock had a trading volume of 14,886,661 shares, compared to its average volume of 12,991,509. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The firm has a market capitalization of $360.27 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. Sabal Trust CO increased its position in shares of Exxon Mobil by 2.6% during the fourth quarter. Sabal Trust CO now owns 360,073 shares of the oil and gas company’s stock worth $30,116,000 after acquiring an additional 9,252 shares in the last quarter. Swiss National Bank increased its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Swiss National Bank now owns 16,549,336 shares of the oil and gas company’s stock worth $1,384,186,000 after acquiring an additional 48,000 shares in the last quarter. KBC Group NV increased its position in shares of Exxon Mobil by 9.7% during the fourth quarter. KBC Group NV now owns 1,456,579 shares of the oil and gas company’s stock worth $121,829,000 after acquiring an additional 128,735 shares in the last quarter. First Business Financial Services Inc. increased its position in shares of Exxon Mobil by 36.7% during the fourth quarter. First Business Financial Services Inc. now owns 8,522 shares of the oil and gas company’s stock worth $713,000 after acquiring an additional 2,289 shares in the last quarter. Finally, Keystone Financial Planning Inc. increased its position in shares of Exxon Mobil by 8.4% during the fourth quarter. Keystone Financial Planning Inc. now owns 76,283 shares of the oil and gas company’s stock worth $6,380,000 after acquiring an additional 5,892 shares in the last quarter. Institutional investors and hedge funds own 52.48% of the company’s stock.

A number of equities analysts have commented on XOM shares. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, September 26th. Wells Fargo & Co restated a “neutral” rating and issued a $88.00 price target on shares of Exxon Mobil in a research report on Wednesday, September 26th. BNP Paribas set a $85.00 price target on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Thursday, October 4th. Credit Suisse Group restated a “neutral” rating and issued a $80.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Finally, Jefferies Financial Group restated a “neutral” rating and issued a $87.00 price target on shares of Exxon Mobil in a research report on Friday, September 28th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $87.08.

Exxon Mobil Company Profile

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; and transports and sells crude oil, natural gas, and petroleum products.

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