Exxon Mobil (NYSE:XOM) Sets New 52-Week Low Following Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM)’s stock price hit a new 52-week low during mid-day trading on Monday after UBS Group lowered their price target on the stock from $146.00 to $135.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $98.46 and last traded at $99.71, with a volume of 3465849 shares changing hands. The stock had previously closed at $104.34.

XOM has been the subject of a number of other reports. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Truist Financial lifted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.20.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of large investors have recently made changes to their positions in the business. Rockline Wealth Management LLC raised its stake in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after buying an additional 1,498 shares during the last quarter. Renasant Bank raised its stake in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares during the last quarter. Helen Stephens Group LLC lifted its stake in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares in the last quarter. Hartford Funds Management Co LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $543,000. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Exxon Mobil by 13.7% in the third quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company’s stock valued at $15,936,000 after purchasing an additional 16,392 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.9 %

The stock has a market cap of $444.23 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company’s 50-day moving average price is $111.16 and its 200 day moving average price is $113.81.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business posted $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.87%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.