Exxon Mobil Co. (NYSE:XOM – Get Free Report) Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at $1,352,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Exxon Mobil Stock Up 0.4 %

Exxon Mobil stock traded up $0.46 during trading hours on Thursday, reaching $102.80. The stock had a trading volume of 29,246,955 shares, compared to its average volume of 17,027,129. Exxon Mobil Co. has a 52 week low of $98.02 and a 52 week high of $120.70. The company has a market cap of $407.39 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 3.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.08. The business’s 50 day moving average price is $108.30 and its 200-day moving average price is $107.82.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.09). Exxon Mobil had a return on equity of 20.72% and a net margin of 11.56%. The business had revenue of $90.76 billion for the quarter, compared to analysts’ expectations of $93.41 billion. During the same quarter in the previous year, the firm posted $4.45 EPS. Exxon Mobil’s revenue was down 19.0% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.27 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.95 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. The ex-dividend date is Tuesday, November 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.70%. Exxon Mobil’s payout ratio is presently 37.74%.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich boosted its position in Exxon Mobil by 100,169.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock valued at $110,718,458,000 after buying an additional 1,031,310,373 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $5,226,390,000. Imprint Wealth LLC lifted its holdings in Exxon Mobil by 9,115.2% in the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after acquiring an additional 11,181,673 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Exxon Mobil by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after acquiring an additional 6,580,247 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. HSBC lifted their target price on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. StockNews.com began coverage on Exxon Mobil in a research report on Thursday, October 5th. They set a “hold” rating for the company. Sanford C. Bernstein began coverage on Exxon Mobil in a research report on Tuesday, October 17th. They set an “outperform” rating and a $140.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.26.

Check Out Our Latest Analysis on Exxon Mobil

About Exxon Mobil (Get Free Report)

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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Original: MarketBeat News Feed: Exxon Mobil Co. (NYSE:XOM) Director Jeffrey W. Ubben Sells 2,077,000 Shares