Exxon Mobil (NYSE:XOM) Trading Down 0.1% – Here’s Why

Exxon Mobil Co. (NYSE:XOM)’s stock price dropped 0.1% on Tuesday . The company traded as low as $117.93 and last traded at $118.82. Approximately 2,869,368 shares traded hands during trading, a decline of 82% from the average daily volume of 15,908,954 shares. The stock had previously closed at $118.93.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Barclays decreased their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.05.

Exxon Mobil Stock Down 0.2 %

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 has a market capitalization of $515.66 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 3.02 and a beta of 0.60. The business’s 50 day moving average is $111.20 and its 200 day moving average is $113.89.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XOM. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth $36,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.