Exxon Mobil (NYSE:XOM) Shares Down 0.7% – Should You Sell?

Exxon Mobil Co. (NYSE:XOM)’s stock price fell 0.7% during trading on Friday . The stock traded as low as $110.66 and last traded at $111.21. 3,243,745 shares were traded during mid-day trading, a decline of 78% from the average session volume of 14,663,632 shares. The stock had previously closed at $112.00.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Down 0.9 %

The business’s fifty day moving average price is $108.60 and its 200 day moving average price is $114.52. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $487.62 billion, a PE ratio of 14.15, a PEG ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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 quarter in the previous year, the firm earned $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.57%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Exxon Mobil

Several large investors have recently modified their holdings of XOM. Rockline Wealth Management LLC boosted its position in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after acquiring an additional 1,498 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after acquiring an additional 4,578 shares during the last quarter. Helen Stephens Group LLC boosted its position in Exxon Mobil by 7.3% during the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after acquiring an additional 2,825 shares during the last quarter. Brooklyn Investment Group boosted its position in Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after acquiring an additional 6,753 shares during the last quarter. Finally, Parthenon LLC boosted its position in Exxon Mobil by 2.4% during the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after acquiring an additional 4,445 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.