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

Exxon Mobil Co. (NYSE:XOM)’s share 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 changed hands during mid-day trading, a decline of 82% from the average daily volume of 15,908,954 shares. The stock had previously closed at $118.93.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. One equities 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.05.

Exxon Mobil Price Performance

The company’s 50-day simple moving average is $111.20 and its 200 day simple moving average is $113.89. 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 cap of $515.66 billion, a PE ratio of 15.16, a PEG ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM) last released its earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the firm earned $2.48 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued 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 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Institutional Trading of Exxon Mobil

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

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.