Exxon Mobil (NYSE:XOM) Trading Down 1.1% – What’s Next?

Exxon Mobil Co. (NYSE:XOM) shares dropped 1.1% during mid-day trading on Wednesday . The company traded as low as $98.13 and last traded at $99.69. Approximately 6,083,047 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 15,818,318 shares. The stock had previously closed at $100.77.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Exxon Mobil Stock Performance

The stock has a fifty day moving average price of $110.70 and a 200 day moving average price of $113.52. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $431.97 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $2.48 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Hedge funds have recently bought and sold shares of the stock. 10Elms LLP bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. 61.80% of the stock is owned by institutional investors.

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.