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In the market the company is trading down by -0.96% since yesterday’s close of $78.97. It is currently trading at $78.21 which is just a bit below the 50 day moving average which is $80.50 and a tad below the 200 day moving average of $81.75. The 50 day moving average moved down $-2.29 and the 200 day average was down $-3.54.
Exxon Mobil Corporation (NYSE:XOM) has been the object of insider selling activity recently. Steven Reinemund, Director disclosed the sale of 1,100 shares of (XOM). The shares were sold on August 4th for an average price of $80.23. The Director now owns $0 of the stock according to the SEC filing.
Exxon Mobil Corporation, launched on August 5, 1882, is involved in energy business. The Company is involved in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products. The Business’s segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company has exploration and development activities in projects located in the United States, Canada/South America, Europe, Africa, Asia and Australia/Oceania..
The following firms have also recently changed their position in XOM. Dimensional Fund Advisors Lp trimmed its stake by shedding 50,257 shares a decrease of 0.2%. Dimensional Fund Advisors Lp claims 26,297,241 shares with a value of $2,123,009,000. The total value of its holdings decreased 1.8%. As of the end of the quarter California Public Employees Retirement System had bought 102,900 shares growing its stake by 1.0%. The value in dollars decreased from $867,738,000 to $862,502,000 decreasing 0.6% for the reporting period.
As of quarter end Parametric Portfolio Associates LLC had acquired a total of 2,021,904 shares growing its holdings by 26.4%. The value of the investment in Exxon Mobil Corporation went from $628,557,000 to $781,970,000 a change of $153,413,000 since the last quarter. As of the end of the quarter New York State Teachers Retirement System had sold 24,343 shares trimming its position 0.3%. The value of the total investment in Exxon Mobil Corporation decreased from $601,317,000 to $589,966,000 a change of 1.9% quarter to quarter.
July 21 investment analysts at Citigroup left the company rating at “Neutral” but lowered the price target from $93.00 to $84.00. On July 11, 2017 the stock rating was set at “Overweight” according to a Barclays report a boost from the previous “Equal-weight” rating.
On June 5 the stock rating was upgraded to “Sector Outperform” from “” in a report from Scotia Howard Weil.
Exxon Mobil Corporation also recently declared a dividend for shareholders that will be paid on Monday the 11th of September 2017. The dividend will be $0.770 per share for the quarter which comes to $3.08 on an annualized basis. This dividend amount will represent a yeild of $3.84. The ex-dividend date is Thursday the 10th of August 2017.
The most current P/E ratio is 28.19 and market cap is 331.38B. As of the last earnings report the EPS was $2.77 and is expected to be $3.42 for the current year with 4,237,105,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.89 and the next full year EPS is anticipated to be $4.06.