Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price fell 4% during mid-day trading on Thursday . The stock traded as low as $101.22 and last traded at $101.58. 5,391,191 shares traded hands during trading, a decline of 66% from the average session volume of 15,879,269 shares. The stock had previously closed at $105.80.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on XOM. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Barclays lowered their price objective on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.95.
Get Our Latest Analysis on Exxon Mobil
Exxon Mobil Stock Performance
The stock has a market cap of $445.70 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.61. 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 firm has a fifty day simple moving average of $110.33 and a 200-day simple moving average of $113.19.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly 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 period last year, the business posted $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.
Insider Buying and Selling
In other news, VP Darrin L. Talley sold 2,100 shares of the firm'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 transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Exxon Mobil
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $6,936,737,000. GAMMA Investing LLC grew its holdings in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the period. Bank of New York Mellon Corp increased its position in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. raised its stake in Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after buying an additional 5,110,603 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
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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