Exxon Mobil (NYSE:XOM) Trading Down 0.7% – What’s Next?

Exxon Mobil Co. (NYSE:XOM) fell 0.7% during trading on Friday . The company traded as low as $114.84 and last traded at $115.12. 5,521,653 shares changed hands during trading, a decline of 63% from the average session volume of 14,837,764 shares. The stock had previously closed at $115.90.

Analysts Set New Price Targets

A number of brokerages have recently commented on XOM. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Price Performance

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 stock has a market capitalization of $500.29 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The firm has a 50-day moving average price of $110.09 and a 200 day moving average price of $113.57.

Exxon Mobil (NYSE:XOM) last announced 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 period in the prior year, the business earned $2.48 EPS. On average, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated 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 in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

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