Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) traded down 0.6% during trading on Wednesday . The stock traded as low as $117.66 and last traded at $118.37. 2,376,039 shares were traded during mid-day trading, a decline of 85% from the average session volume of 15,672,449 shares. The stock had previously closed at $119.04.
Wall Street Analysts Forecast Growth
XOM has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $128.80.
Read Our Latest Stock Report on Exxon Mobil
Exxon Mobil Stock Down 7.3 %
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 stock's 50-day simple moving average is $111.16 and its 200 day simple moving average is $113.81. The firm has a market cap of $452.01 billion, a P/E ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the business earned $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared 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 was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
Insider Activity at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company'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 completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.
Hedge Funds Weigh In On Exxon Mobil
Several institutional investors and hedge funds have recently bought and sold shares of the company. 10Elms LLP bought a new position in Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $32,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $36,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. 61.80% of the stock is owned by institutional investors.
About Exxon Mobil
(
Get Free Report)
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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