Exxon Mobil (NYSE:XOM) Stock Price Down 1% - Here's What Happened

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price fell 1% during mid-day trading on Tuesday . The company traded as low as $105.94 and last traded at $106.67. 4,321,747 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 14,907,360 shares. The stock had previously closed at $107.76.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XOM. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Scotiabank decreased their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Morgan Stanley raised their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $129.25.

Exxon Mobil Trading Up 1.3 %

The company has a market cap of $473.20 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The business's fifty day moving average price is $109.05 and its 200 day moving average price is $113.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 business posted $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.63%. Exxon Mobil's payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business'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 owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently bought and sold shares of XOM. 10Elms LLP bought a new stake in Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 61.80% of the company's stock.

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.