Exxon Mobil (NYSE:XOM) Stock Price Down 3.5% – Should You Sell?

Exxon Mobil Corporation (NYSE:XOM)’s stock price traded down 3.5% on Thursday . The stock traded as low as $149.88 and last traded at $150.1560. 29,588,725 shares traded hands during trading, an increase of 37% from the average session volume of 21,528,516 shares. The stock had previously closed at $155.56.

Analyst Upgrades and Downgrades

Several analysts recently commented on XOM shares. Piper Sandler cut their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. UBS Group reissued a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a research note on Monday, February 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Mizuho set a $140.00 target price on Exxon Mobil in a report on Wednesday, February 4th. Finally, Citigroup lifted their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.59.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a 50 day moving average of $129.26 and a 200-day moving average of $118.73. The stock has a market capitalization of $626.12 billion, a PE ratio of 22.19, a P/E/G ratio of 15.59 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. Exxon Mobil’s dividend payout ratio is 61.58%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 14,230 shares of company stock worth $1,888,421 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Institutional Trading of Exxon Mobil

A number of institutional investors and hedge funds have recently made changes to their positions in XOM. Berbice Capital Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC bought a new position in Exxon Mobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Exxon Mobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC acquired a new position in Exxon Mobil during the 4th quarter worth $28,000. Finally, Westfuller Advisors LLC bought a new stake in Exxon Mobil during the third quarter valued at about $30,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.