Exxon Mobil (NYSE:XOM) Shares Down 0.2% - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price fell 0.2% during trading on Wednesday . The stock traded as low as $108.42 and last traded at $108.94. 2,663,198 shares were traded during mid-day 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 brokerages have recently issued reports on XOM. 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 report on Monday, December 16th. Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Morgan Stanley upped their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, HSBC cut their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. One 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.25.

Exxon Mobil Price Performance

The firm has a market capitalization of $473.41 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The business has a 50-day moving average of $109.26 and a 200 day moving average of $113.73. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 in the prior year, the company posted $2.48 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company's stock.

Institutional Trading of Exxon Mobil

Several hedge funds have recently bought and sold shares of XOM. Principal Financial Group Inc. increased its holdings in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after purchasing an additional 521,932 shares during the period. United Bank raised its stake in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company's stock worth $2,101,000 after acquiring an additional 641 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Exxon Mobil by 10.3% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,708 shares of the oil and gas company's stock worth $669,000 after acquiring an additional 532 shares during the last quarter. Proactive Wealth Strategies LLC purchased a new position in Exxon Mobil in the 3rd quarter worth $397,000. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of Exxon Mobil by 0.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 100,568 shares of the oil and gas company's stock valued at $11,789,000 after buying an additional 443 shares during 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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