Exxon Mobil (NYSE:XOM) Stock Price Down 0.5%

Exxon Mobil Co. (NYSE:XOM) traded down 0.5% during trading on Wednesday . The stock traded as low as $119.39 and last traded at $120.44. 3,502,796 shares changed hands during trading, a decline of 81% from the average session volume of 18,013,049 shares. The stock had previously closed at $121.03.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XOM shares. Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. TD Cowen raised their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Wells Fargo & Company increased their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Performance

The stock’s fifty day simple moving average is $113.04 and its 200-day simple moving average is $106.62. The company has a market capitalization of $480.26 billion, a PE ratio of 13.65, a PEG ratio of 4.16 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.40 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 9.7 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 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.13%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Institutional Trading of Exxon Mobil

Hedge funds have recently bought and sold shares of the company. First Pacific Financial acquired a new stake in shares of Exxon Mobil in the first quarter worth approximately $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $80,000. Finally, Neo Ivy Capital Management purchased a new stake in Exxon Mobil during the 4th quarter worth $80,000. 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.