Exxon Mobil (NYSE:XOM) Shares Down 2.2% on Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares traded down 2.2% during mid-day trading on Monday after UBS Group lowered their price target on the stock from $146.00 to $135.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $98.46 and last traded at $102.02. 12,150,559 shares traded hands during trading, a decline of 23% from the average session volume of 15,729,083 shares. The stock had previously closed at $104.34.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Bernstein Bank boosted 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $128.20.

Remove Ads

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

The firm's 50 day moving average is $110.47 and its 200-day moving average is $113.27. The stock has a market capitalization of $439.67 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the company posted $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 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.