Exxon Mobil (NYSE:XOM) Shares Down 1% Following Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 1% during trading on Friday after Scotiabank lowered their price target on the stock from $140.00 to $115.00. Scotiabank currently has a sector outperform rating on the stock. Exxon Mobil traded as low as $98.79 and last traded at $98.94. Approximately 5,120,042 shares were traded during trading, a decline of 68% from the average daily volume of 15,943,571 shares. The stock had previously closed at $99.93.

A number of other brokerages have also recently weighed in on XOM. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Piper Sandler cut their target price 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. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $126.95.

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Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company's stock.

Institutional Inflows and Outflows

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

Exxon Mobil Trading Up 3.1 %

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $110.33 and a 200 day moving average price of $113.19. The company has a market capitalization of $445.70 billion, a P/E ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company posted $2.48 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

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.