Exxon Mobil (NYSE:XOM) Shares Down 0.2% - What's Next?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price traded down 0.2% on Wednesday . The stock traded as low as $108.42 and last traded at $108.94. 2,663,198 shares traded hands during trading, a decline of 82% from the average session volume of 14,945,383 shares. The stock had previously closed at $109.16.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XOM shares. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research note on Monday, December 16th. Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Morgan Stanley upped their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $129.25.

Exxon Mobil Stock Up 0.6 %

The business's 50 day simple moving average is $109.20 and its 200 day simple moving average is $113.80. The company has a market capitalization of $476.58 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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Exxon Mobil (NYSE:XOM - Get Free Report) last announced its 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid 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 yield of 3.61%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the company'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 transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently made changes to their positions in the company. FMR LLC grew its position in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after acquiring an additional 395,218 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank acquired a new position in Exxon Mobil during the fourth quarter worth $6,936,737,000. Northern Trust Corp raised its holdings in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

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.

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