Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price traded down 4% on Thursday . The company traded as low as $101.22 and last traded at $101.58. 5,391,191 shares were traded during mid-day trading, a decline of 66% from the average session volume of 15,879,269 shares. The stock had previously closed at $105.80.
Analysts Set New Price Targets
XOM has been the topic of several research analyst reports. Barclays lowered their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Scotiabank lowered their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.75.
Get Our Latest Analysis on Exxon Mobil
Exxon Mobil Trading Up 1.6 %
The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $110.10 and a 200 day moving average of $113.03. The company has a market capitalization of $453.29 billion, a PE ratio of 13.37, a PEG ratio of 3.02 and a beta of 0.61.
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 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 in the prior year, the business posted $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction 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 sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company's stock.
Institutional Trading of Exxon Mobil
Large investors have recently made changes to their positions in the business. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at $36,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $46,000. 61.80% of the stock is currently owned by institutional investors.
About Exxon Mobil
(
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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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