Exxon Mobil (NYSE:XOM) Stock Price Down 0.7%

Exxon Mobil Co. (NYSE:XOM)’s stock price fell 0.7% on Tuesday . The company traded as low as $113.77 and last traded at $113.84. 2,614,797 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 18,411,115 shares. The stock had previously closed at $114.65.

Analyst Ratings Changes

Several research analysts have recently issued reports on XOM shares. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. UBS Group decreased their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Mizuho upped their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Finally, Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.18.

Exxon Mobil Trading Up 1.1 %

The firm has a 50-day moving average of $104.98 and a two-hundred day moving average of $105.89. The firm has a market capitalization of $456.50 billion, a P/E ratio of 12.94, a P/E/G ratio of 4.17 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the firm posted $3.40 earnings per share. The company’s revenue was down 11.6% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Exxon Mobil

Hedge funds have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its holdings in Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the 4th quarter valued at $5,519,753,000. Fisher Asset Management LLC lifted its stake in Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after acquiring an additional 11,216,602 shares in the last quarter. Imprint Wealth LLC boosted its holdings in Exxon Mobil by 9,115.2% during the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after acquiring an additional 11,181,673 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Exxon Mobil by 32.1% in the 4th quarter. Legal & General Group Plc now owns 27,896,825 shares of the oil and gas company’s stock worth $2,789,125,000 after acquiring an additional 6,786,525 shares in the last quarter. 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.